8×8 price target raised to $3 from $2.75 at Rosenblatt

Rosenblatt raised the firm’s price target on 8×8 (EGHT) to $3 from $2.75 and keeps a Buy rating on the shares. A “strong” Q4 report, beating guidance across key metrics, capped “a year of steady execution that reinforced our conviction in the story,” the analyst tells investors.