Boxlight price target lowered to $1.50 from $2.50 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on Boxlight to $1.50 from $2.50 and keeps a Buy rating on the shares following Q2 results that the firm views as “mixed.” The firm now forecasts revenue to be $150M, down from a prior view of $172M, in 2024 and $147M, down from $175M forecast previously, in 2025 given increased uncertainty, especially in the U.S. market, the analyst tells investors.