
8x8 (EGHT) Stock Forecast & Price Target
8x8 (EGHT) Analyst Ratings
Bulls say
8x8 is converting from a seat-subscription model to a consumption model, targeting an 8% total revenue CAGR through FY30. With the recent launch of AI Studio and strong momentum in usage-based revenue, the company is set to benefit from the increasing demand for integrated UC/CC/CPaaS platforms. It trades at just 0.7x EV/CY27e sales, a significant discount to the peer group average of 1.7x.
Bears say
8x8 is facing pressure from a margin reset as it aims to achieve its low-to-mid 50% target in the next few years, which equates to a compression of 250-375 basis points each year. This, combined with revenue compounding at only 8%, will result in low single digit gross profit growth and a back-end loaded path for operating income expansion. The company's usage revenue is also not contracted and carries lower forecast visibility, and while it has seen some customer wins and is exploring new pricing and deployment models, it still faces challenges in competing against larger and more established players in the contact center and unified communications market.
This aggregate rating is based on analysts' research of 8x8 and is not a guaranteed prediction by Public.com or investment advice.
8x8 (EGHT) Analyst Forecast & Price Prediction
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