Analyst Rating Update on Box (BOX)

Box (NYSE:BOX) : The consensus on Box (NYSE:BOX) based on 10 analyst recommendation on the company stock is 1.8, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Box (NYSE:BOX) : Currently there are 8 street experts covering Box (NYSE:BOX) stock. The most bullish and bearish price target for the stock is $21 and $12 respectively for the short term. The average price target of all the analysts comes to $16.88. The estimated standard deviation from the target is $2.8.

For the current week, the company shares have a recommendation consensus of Buy. Also, JP Morgan downgrades their rating on the shares of Box (NYSE:BOX). The current rating of the shares is Neutral. Earlier, the shares were rated a Overweight by the brokerage firm. Equity Analysts at the Firm lowers the price target to $14 per share from $18 per share. The rating by the firm was issued on June 2, 2016.

Box (NYSE:BOX): stock turned positive on Tuesday. Though the stock opened at $10.5, the bulls momentum made the stock top out at $10.5 level for the day. The stock recorded a low of $9.98 and closed the trading day at $10.17, in the green by 1.50%. The total traded volume for the day was 958,201. The stock had closed at $10.02 in the previous days trading.

In an insider trading activity, Stein Josh, director of Box Inc, executed a transaction worth $60,700 on October 9, 2015. A total of 5,000 shares were purchased at an average price of $12.14. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Box, Inc. provides a cloud-based, mobile-optimized Enterprise Content Collaboration platform. The Companys platform enables organizations to manage their content. Its platform enables users to collaborate on content both internally and externally, build workflows and deploy compliance and security features. The Companys platform works across multiple file formats, application environments, operating systems and devices. The Company also delivers industry-specific solutions that focus on customers in industries, such as healthcare and life sciences, financial services, legal services, media and entertainment, retail, education, energy and Government. The Companys platform integrates with the applications of its technology partners, including, NetSuite and others. Its Box OneCloud ecosystem provides users with access to around 1,300 iOS and Android third-party applications.

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