Shares of business communications software company 8x8 (NYSE:EGHT) fell 10.8% in the morning session after Morgan Stanley analyst Meta Marshall downgraded the stock’s rating from Equal-weight (Hold) to Underweight (Sell) and lowered the price target from $3 to $2, citing a “challenging growth equation.” The new price target represents a potential 8% downside from where shares traded when the downgrade was announced and suggests the analyst expects the stock to underperform in the near term.
LONDON, May 30, 2024--8x8, Inc. (NASDAQ: EGHT) announces 8x8 Ballot It!, an AI-powered self-service solution to increase electoral engagement and boost voter turnout
CAMPBELL, Calif., May 14, 2024--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud contact center and unified communications platform provider, today announced investor events for the first quarter of fiscal 2025.