Box (BOX) : Currently there are 7 street experts covering Box (BOX) stock. The most bullish and bearish price target for the stock is $21 and $12 respectively for the short term. The average price target of all the analysts comes to $17.29. The estimated standard deviation from the target is $2.75.
Box (BOX) : 9 analysts are covering Box (BOX) and their average rating on the stock is 1.67, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, JP Morgan downgrades its rating on Box (NYSE:BOX). The global brokerage major lowers the current price target from $18 per share to $14 per share. Analysts at the JP Morgan have a current rating of Neutral on the shares. The shares were previously rated Overweight. The rating by the firm was issued on June 2, 2016.
Box (NYSE:BOX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.25 and $13.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.98, notching a gain of 1.75% for the day. The total traded volume was 5,196,403 . The stock had closed at $13.74 on the previous day.
Box, Inc. provides a cloud-based, mobile-optimized Enterprise Content Collaboration platform. The Companys platform enables organizations to manage their content. Its platform enables users to collaborate on content both internally and externally, build workflows and deploy compliance and security features. The Companys platform works across multiple file formats, application environments, operating systems and devices. The Company also delivers industry-specific solutions that focus on customers in industries, such as healthcare and life sciences, financial services, legal services, media and entertainment, retail, education, energy and Government. The Companys platform integrates with the applications of its technology partners, including salesforce.com, NetSuite and others. Its Box OneCloud ecosystem provides users with access to around 1,300 iOS and Android third-party applications.