Box (BOX): Taking a New View of Near Term Caution - Oppenheimer

August 12, 2016 9:26 AM EDT
Get Alerts BOX Hot Sheet
Price: $14.53 -1.22%

Rating Summary:
    8 Buy, 7 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 8
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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.

For an analyst ratings summary and ratings history on Box, Inc. click here. For more ratings news on Box, Inc. click here.

Shares of Box, Inc. closed at $12.43 yesterday.

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