Citi analyst Steven Enders raised the firm’s price target on Box (BOX) to $40 from $34 and keeps a Buy rating on the shares following the fiscal Q3 report. The demand backdrop was largely stable with some continued pressure in small business while Japan and U.S. enterprise performed well, the analyst tells investors in a research note. The firm continues to see value in the shares at current levels.
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Read More on BOX:
- Box Inc. Reports Strong Q3 Financial Performance
- Closing Bell Movers: Salesforce gains 3%, Okta up 14% after earnings
- Box down 6% at $32.43 after Q3 results and FY25 guidance update
- Box reports Q3 EPS 45c, consensus 42c
- Box reports Q3 Remaining Performance Obligations $1.3B, up 13% y/y
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
