8×8 price target raised to $3 from $2.50 at Barclays

Barclays raised the firm’s price target on 8×8 (EGHT) to $3 from $2.50 and keeps an Equal Weight rating on the shares. The firm says currency headwinds “optically” impacted the company’s Q4 reported revenue growth, though the results as a continuation of 8×8’s strategy of right-sizing its business for better years ahead.