Bond.az reports that Rosenblatt raised its price target on 8x8 Inc. (NASDAQ:EGHT) to $3.00 from $2.75, maintaining a Buy rating. The stock currently trades at $2.41.
8x8 delivered Q4 fiscal 2026 results exceeding guidance. Total revenue hit $185.2 million, with service revenue at a record $180.2 million. Operating margin was 10.7%.
Rosenblatt raised fiscal 2027 estimates to $740 million revenue and $0.36 EPS. The new target reflects 0.9 times calendar 2027 sales of $737 million.
