Box price target lowered to $33 from $40 at BofA

BofA lowered the firm’s price target on Box (BOX) to $33 from $40 and keeps a Buy rating on the shares after the company reported “strong” Q4 results. While the firm notes that FY27 constant currency revenue growth guidance of 9% is a meaningfully higher starting point than initial FY26 cc guidance and suggests low double digit constant currency revenue growth is “within reach this year,” it trims its target based on broader software market conditions that increasingly prioritize near-term cash flow generation.