Maxim Group analyst Jack Vander Aarde has maintained their neutral stance on BOXL stock, giving a Hold rating on August 20.
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Jack Vander Aarde has given his Hold rating due to a combination of factors impacting Boxlight’s financial outlook. Despite a 20% year-over-year decline in revenue for the second quarter of 2025, the company exceeded expectations with revenue of $30.9 million and an adjusted EBITDA of $1.3 million. However, the lack of guidance from management, due to ongoing demand uncertainty and external challenges like trade dynamics and government funding disruptions, adds to the cautious stance.
Additionally, Boxlight’s financial position is challenged by a significant debt of $39 million, with a term loan maturing in December 2025, raising concerns about refinancing or restructuring on favorable terms. While the company is strategically positioned for long-term growth in the EdTech market, the current risk/reward profile remains balanced. The stock’s trading multiples and the potential need for additional capital in early 2026 further justify maintaining a Hold rating.
According to TipRanks, Vander Aarde is a 3-star analyst with an average return of 1.7% and a 30.87% success rate. Vander Aarde covers the Technology sector, focusing on stocks such as Cloudastructure, Inc. Class A, Alarm, and Boxlight.
In another report released on August 20, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $1.50 price target.