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Box price target raised to $26 from $24 at RBC Capital

RBC Capital raised the firm’s price target on Box (BOX) to $26 from $24 and keeps an Underperform rating on the shares. The company reported solid Q2 results with revenue, billings, and operating margin all coming in above the Street, though its guidance was mixed, with revenue coming in above Street for Q3 and FY26, while profitability was in-line or modestly below, the analyst tells investors in a research note. RBC adds that despite the solid results, the firm awaits signs of further EA SKU upgrade traction.

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