Box (BOX) Tops Q4 EPS by 4c; Guides

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Box, Inc. (BOX) PT Raised to $26 at Drexel Hamilton; Positive Cash Flow For First Time

March 2, 2017 6:21 AM EST

Drexel Hamilton raised its price target on Box, Inc. (NYSE: BOX) to $26.00 (from $22.00) while maintaining a Buy rating following results showing positive cash flow for the first time ever.

Analyst Brian White highlighted:

Last night, Box reported a solid 4Q:FY17 performance with positive free cash flow for the first time ever, and the company provided a healthy initial revenue outlook for FY:18. We are increasing our price target to $26.00 from $22.00 and reiterate our BUY rating.Trading at an EV/revenue ratio of just 3.6x our CY:18 estimate,... More