Box (BOX) : 6 brokerage houses believe that Box (BOX) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Box (BOX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.
Box (BOX) : 8 Wall Street analysts covering Box (BOX) believe that the average level the stock could reach for the short term is $16.88. The maximum price target given is $21 and the minimum target for short term is around $12, hence the standard deviation is calculated at $2.8.
For the current week, the company shares have a recommendation consensus of Buy. Box (NYSE:BOX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.35 and $12.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.43, notching a gain of 0.89% for the day. The total traded volume was 514,398 . The stock had closed at $12.32 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Box Inc, Stein Josh, had purchased 5,000 shares in a transaction dated on October 9, 2015. The transaction was executed at $12.14 per share with total amount equaling $60,700.
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.