In a report released today, Brian White from Monness maintained a Hold rating on Box Inc (BOX). The company’s shares closed yesterday at $17.93, close to its 52-week low of $15.64.
According to TipRanks.com, White is a top 100 analyst with an average return of 22.9% and a 68.4% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.
Currently, the analyst consensus on Box Inc is a Moderate Buy with an average price target of $21.50, implying a 19.9% upside from current levels. In a report released today, Canaccord Genuity also downgraded the stock to Hold with a $16 price target.
See today’s analyst top recommended stocks >>
Based on Box Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $19.69 million. In comparison, last year the company had a GAAP net loss of $36.64 million.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
