BOX Stock: $32 Price Target By JMP Securities 

By Amit Chowdhry ● Sep 27, 2021
  • The shares of Box Inc (NYSE: BOX) have received a $32 price target by JMP Securities. These are the details.

The shares of Box Inc (NYSE: BOX) have received a $32 price target by JMP Securities. And JMP Securities analyst Erik Suppiger upgraded Box from “Market Perform” to “Outperform.” 

Suppiger noted that Box’s leadership transformed many aspects of the company to optimize for shareholder value. And the company is executing significantly better than just two years ago. Plus the market for data management more broadly – including cloud content management is expanding rapidly as digital transformation and remote working has become more of a strategic value of digital content and collaboration in the enterprise.

With the distraction from fundamental improvements, Suppiger believes that Box can be considered undervalued.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.