UBS downgraded Box (BOX) to Neutral from Buy with a price target of $36, down from $42, after assuming coverage of the name. The company’s core business fundamentals remain stable but the stock’s near-term upside is limited, the analyst tells investors in a research note. UBS models Box’s revenue growth at 7% in fiscal 2027 and 2028, in-line with consensus but below the company’s long term guide of 10%-11%. Channel checks show the company’s spending trends appear neutral heading into 2026, with greater optimism emerging for 2027, contends the firm.
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