Trend Tide News

8×8 price target raised to $2.60 from $2 at Morgan Stanley


8×8 price target raised to $2.60 from $2 at Morgan Stanley

Morgan Stanley raised the firm's price target on 8×8 (EGHT) to $2.60 from $2 and keeps an Underweight rating on the shares. Communication software had "disappointing performance for much of 2024," but a second half rotation and focus on reacceleration potential helped some names, such as Twilio (TWLO), the analyst wrote in a 2025 outlook note for the group. Entering 2025, the space has broadened portfolios, but the firm argues that it will be the names with "accelerating growth stories or extreme FCF support that we think will find outperformance," the analyst tells investors.

Previous articleNext article

POPULAR CATEGORY

commerce

9592

tech

10541

amusement

11534

science

5241

various

12245

healthcare

9271

sports

12205