UPDATE: Morgan Stanley Upgrades Box, Inc. (BOX) to Overweight

October 3, 2022 4:16 AM EDT
Get Alerts BOX Hot Sheet
Price: $29.22 +6.45%

Rating Summary:
    16 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 28 | New: 30
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(Updated - October 3, 2022 8:18 AM EDT)

Morgan Stanley analyst Josh Baer upgraded Box, Inc. (NYSE: BOX) from Equalweight to Overweight with a price target of $34.00 (from $32.00).

The analyst commented, "Solid relative macro positioning w/ compelling ROI and value in Box Suites, strong execution, a more favorable competitive landscape, and upside to margin expansion / ‘Rule of 40’ gives us confidence Box’s <13x EV/FCF can partly close the +45% valuation gap vs. software peers."

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 $24.39 yesterday.

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