Box price target raised to $39 from $37 at JPMorgan

JPMorgan analyst Pinjalim Bora raised the firm’s price target on Box (BOX) to $39 from $37 and keeps an Overweight rating on the shares. The company started the year off strong with forward Looking metrics accelerating, the analyst tells investors in a research note. The firm believes incremental conservatism is layered into Box’s guidance.