Box Inc BOX 5.22% reported solid Q3 numbers, but the market punished the stock in Thursday’s trading session. With Box down 9 percent following earnings, here’s a look at what four Wall Street firms had to say about the stock post-earnings.
Oppenheimer
Analyst Ittai Kidron remains “positive on Box’s growth catalysts (channel build, Platform expansion, up-sell) and long-term operating leverage (scale ad room to manage free user costs)” and is still recommending the stock with an Outperform rating. Kidron is “especially bullish” on the International Business Machines Corp. IBM 1.05% and Platform opportunities for Box. The firm has a $21 price target for Box.
Pacific Crest
Pacific Crest analyst Rob Owens believes that traders should “put BOX under the tree” and praises the company’s “impressive Q3, with billings, revenue and free cash flow results exceeding our estimates.” Pacific Crest has an Overweight rating on Box and a $24 price target for the stock.
Canaccord
Analyst Richard Davis also remains…
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