In a report released today, Rishi Jaluria from D.A. Davidson maintained a Buy rating on Box Inc (BOX), with a price target of $25. The company’s shares closed yesterday at $24.88.
According to TipRanks.com, Jaluria is a 4-star analyst with an average return of 9.4% and a 59.6% success rate. Jaluria covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Varonis Systems, and Veeva Systems.
Currently, the analyst consensus on Box Inc is a Moderate Buy with an average price target of $23.57, representing a -5.3% downside. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $22 price target.
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Based on Box Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $40.2 million. In comparison, last year the company had a GAAP net loss of $32.67 million.
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Box, Inc. engages in the provision of enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device.
