Box Posts Earnings Beat, But Analyst Maintains Bearish View About Uncertain Enterprise Advanced Adoption
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2024
0mins
Source: Benzinga
Analyst Rating and Performance: RBC Capital Markets analyst Rishi Jaluria maintained an Underperform rating for Box Inc. with a price target of $21, despite the company reporting better-than-expected earnings and revenue for Q3. The outlook for Q4 is slightly positive but remains cautious due to ongoing privacy concerns affecting enterprise adoption.
Market Reaction and Future Guidance: Box shares fell 7.61% to $31.80 following the report, although FY25 revenue guidance was raised by $2 million, indicating improved visibility into results. The anticipated pricing uplift for the new Enterprise Advanced plan launching in January could enhance future revenue, but widespread adoption may be delayed.
Analyst Views on PSCT
Wall Street analysts forecast PSCT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSCT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 62.579
Low
Averages
High
Current: 62.579
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
