8×8 price target lowered to $2.70 from $3.30 at Rosenblatt

Rosenblatt lowered the firm’s price target on 8×8 (EGHT) to $2.70 from $3.30 and keeps a Buy rating on the shares. The firm reducing revenue projections for fiscal 2025 and 2026 to reflect ongoing economic uncertainty, the company’s recent leadership transitions and a more competitive landscape. Though 8×8’s new products show encouraging traction, macroeconomic headwinds and intensifying competition in the partner channel suggest a period of more moderate growth ahead, the analyst tells investors in a research note.