Oppenheimer analyst Ittai Kidron maintained a Buy rating on Box Inc (BOX) yesterday and set a price target of $25. The company’s shares closed yesterday at $18.19.
Kidron noted:
“Box delivered a solid 3Q ahead of expectations. Positives include stabilization in expansion metrics, a strong YoY lift in large-deal activity, increased add-on attach rates, and continued YoY operating leverage. The results reinforce our confidence in Box’s ability to execute on its strategic solutions selling efforts and expansion into a more broadly positioned digital workplace platform (content management, work flow, collaboration, security…) for enterprises of all sizes. There’s still a lot of heavy lifting ahead in sustaining the expansion metrics and large-deal momentum, but we’re encouraged and see multiple levers to do this including salesforce productivity/expansion, new products (Skills, Shield…), and go-to-market expansion (new integrations/channel partners, international expansion…).”
Kidron has an average return of 11.6% when recommending Box Inc.
According to TipRanks.com, Kidron is ranked #20 out of 5112 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Box Inc with a $25.25 average price target.
See today’s analyst top recommended stocks >>
Based on Box Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $38.09 million. In comparison, last year the company had a GAAP net loss of $42.92 million.
Based on the recent corporate insider activity of 71 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.
