8x8 (EGHT) Analyst Rating Update: Rosenblatt Lowers Price Target to $2.50

8x8 (EGHT) has received a "Buy" rating with a lowered price target from $2.70 to $2.50 by Rosenblatt analyst Catharine Trebnick. Historically, EGHT has seen "Buy" ratings despite adjustments in price targets. The company provides contact-center-as-a-service and unified-communications-as-a-service software applications, with a majority of revenue derived from the United States. The average target price for EGHT is $2.33, implying an upside of 32.10% from the current price of $1.76.

8x8 Inc. (NASDAQ: EGHT), a provider of enterprise communication solutions, is set to release its Q1 2026 earnings results on Tuesday, August 5th, after market close. The consensus EPS estimate is $0.08 (flat Y/Y), with revenue estimated at $177.99M (-0.0% Y/Y) [1].

Rosenblatt Securities has recently lowered its price target for EGHT from $2.70 to $2.50, while maintaining a "buy" rating. This adjustment indicates a potential upside of 42.05% from the stock's last close [2]. Despite the lowered target, EGHT has historically seen "Buy" ratings despite adjustments in price targets.

The company's revenue is expected to decrease by 0.1% to $177.99M, with earnings per share (EPS) expected to be $0.08, according to the mean estimate from analysts [3]. This quarter, EGHT is expected to show a fall in quarterly revenue, which is in line with its previous guidance.

EGHT's Q2 CY2025 results showed revenue of $181.4 million, a 1.8% year-on-year growth, and a non-GAAP profit of $0.08 per share, meeting analyst expectations [4]. The company's revenue guidance for the full year remains at $713 million, indicating a strong focus on growth.

The average target price for EGHT is $2.33, implying an upside of 32.10% from the current price of $1.76. However, recent institutional trading activity and insider sales suggest a cautious approach among investors.

References:
[1] https://seekingalpha.com/news/4477678-8x8-q1-2026-earnings-preview
[2] https://www.marketbeat.com/instant-alerts/rosenblatt-securities-lowers-8x8-nasdaqeght-price-target-to-250-2025-08-06/
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TT309:0-8x8-inc-expected-to-post-earnings-of-8-cents-a-share-earnings-preview/
[4] https://finance.yahoo.com/news/8x8-nasdaq-eght-q2-sales-212938631.html