Raymond James lowered the firm’s price target on Box (BOX) to $38 from $40 and keeps an Outperform rating on the shares. Box’s Q4 results showed an “impressive” reacceleration in billings, though shares were lower after hours due to a below-consensus margin outlook for fiscal 2026, the analyst tells investors in a research note. The firm thinks multiple expansion would be more driven by increased confidence in the durability of growth and likes the risk/reward on shares on the post-Q4 pullback.
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Read More on BOX:
- Box Inc. Hold Rating: Balancing Solid Performance with Conservative Outlook Amid Macro Challenges
- Box Inc. Receives Buy Rating Amid Strong Financial Performance and Positive Growth Outlook
- Box price target lowered to $37 from $38 at JPMorgan
- Box Inc. Reports Strong Fiscal 2025 Results
- Closing Bell Movers: Crowdstrike down over 8% on soft guidance
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