BOX Similar Chart Price Prediction
The price of BOX is predicted to go up -26.4%, based on the high correlation periods with ITRM. The similarity of these two price pattern on the periods is 98.4%.
BOX
ITRM
Down: -26.4%Similarity: 98.4%
BOX Revenue Forecast
BOX EPS Forecast
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BOX VS S&P500
Secular tailwinds buoy Box's revenue, as enterprise workflow collaboration tools remain in hot demand.
With the firm's focus on the enterprise space, clients are typically sticky, leading to more certainty around revenue.
Box's large install base and go-to-market motion will allow the firm to drive top-line growth while enacting operating efficiencies, leading to better free cash flow generation.
BOX Analyst's Forecast
Michael Funk
B of A Securities
Strong Buy
2024-12-12
Price Target
$40
Upside
+21.18%
BofA initiated coverage of Box with a Buy rating and $40 price target. As the "leading enterprise data repository," the firm thinks Box is well positioned for AI monetization opportunities, the analyst tells investors. Enterprise headwinds like tighter budgets and right-sizing headcounts are fading, yet the valuation "still reflects an overly bearish view" of revenue growth and margin expansion potential, the analyst argues.
