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Box stock rose 1.18% on Wednesday following second-quarter earnings that met expectations. The company reported record revenue of $321 million (up 9% YoY) and adjusted net income of $0.40 per share. Box raised full-year revenue guidance to $1.29 billion but slightly lowered profitability guidance to $1.54 per share. Growth was driven by adoption of the Enterprise Advanced plan as clients scale AI capabilities.
Read original at the-motley-foolMorgan Stanley analyst Josh Baer maintains Box (NYSE:BOX) with a Equal-Weight and raises the price target from $33 to $36.
Read original at benzingaCitigroup analyst Steven Enders maintains Box (NYSE:BOX) with a Buy and raises the price target from $37 to $40.
Read original at benzingaBox, Inc. (NYSE:BOX)'s Q2 earnings met expectations and raised sales forecast. Analysts have mixed opinions with price target changes.
Read original at benzinga