Box (BOX): Taking a New View of Near Term Caution - Oppenheimer
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
Oppenheimer analyst, Ittai Kidron, reiterated his Outperform rating on shares of Box Inc. (NYSE: BOX) but took a new tone of near term caution. The analyst believes several of the company's key upside drivers need time to mature to accelerate into their full contribution levels. Also, seasonality is a bigger factor and setting a high bar for 4Q-FY17 billings growth. As a whole, he expects in-line results, but believes the chance for upside is more of a CY17 opportunity.
No change to the price target of $18.
Shares of Box, Inc. closed at $12.43 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wedbush Raises Price Target on Francesca's (FRAN) Following 3Q Report
- Credit Suisse Downgrades NetApp (NTAP) to Underperform
- Credit Suisse Upgrades Juniper Networks (JNPR) to Outperform
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Related EntitiesIttai Kidron
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!