William Blair analyst Jason Ader has maintained their bullish stance on BOX stock, giving a Buy rating today.
Jason Ader has given his Buy rating due to a combination of factors that highlight Box’s financial performance and future prospects. The company’s fourth-quarter results met expectations, with revenue and non-GAAP EPS showing consistent year-over-year growth despite foreign exchange headwinds. Notably, Box’s billings exceeded expectations, driven by strong bookings and early adoption of the new Enterprise Advanced tier.
Additionally, while the first-quarter revenue guidance was slightly below consensus due to specific headwinds like the leap year, the overall full-year guidance remains positive. Box anticipates revenue growth of 6% and a non-GAAP operating margin of 28%, indicating a stable financial outlook. The expected growth in billings in the low- to mid-teens range further supports the Buy rating, suggesting confidence in Box’s ability to maintain its growth trajectory.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $37.00 price target.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BOX in relation to earlier this year.
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