RBC Capital analyst Rishi Jaluria raised the firm’s price target on Box (BOX) to $24 from $21 and keeps an Underperform rating on the shares. The company reported good Q1 results, with revenue that was slightly above consensus thanks to stronger billings and better than expected guidance, the analyst tells investors in a research note. Growth acceleration continues to rest on EA SKU upgrades however, which could be significant, though the firm continues to believe that the timing for impacts to reach estimates remains unclear, RBC added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BOX:
- Box price target raised to $45 from $40 at DA Davidson
- Box Inc. Hold Rating: Balancing Strong Demand and AI Innovations Against Decelerating Growth and Market Uncertainties
- Box price target raised to $42 from $38 at Raymond James
- Box price target raised to $39 from $37 at JPMorgan
- Box price target raised to $38 from $35 at Morgan Stanley