8x8 Reaches Analyst Target Price
April 20, 2018 at 09:17 AM EDT
In recent trading, shares of 8x8 Inc (EGHT) have crossed above the average analyst 12-month target price of $19.88, changing hands for $20.20/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..