8×8 price target raised to $2.75 from $2.50 at Mizuho

Mizuho raised the firm’s price target on 8×8 (EGHT) to $2.75 from $2.50 and keeps a Neutral rating on the shares. The company’s fiscal Q2 report was aided by currency tailwinds, but visibility into a revenue re-acceleration remains low, the analyst tells investors in a research note.