#6 - Box (NYSE:BOX)
Until this point, the stocks on this list have been outside of the technology sector. However, Box Inc. (NYSE: BOX) is an example of how you can still find growth at a reasonable price. Box is a software-as-a-service (SaaS) company that specializes in cloud storage and file sharing. Specifically, the company’s platforms allow organizations to manage their entire content lifecycle while working securely from anywhere.
The founder-led company focuses on enterprise customers. That’s one way that Box differentiates itself from competitors like Dropbox. The company has solid YOY topline growth, but with a market cap of around $3.8 billion, investors are finding large-cap tech stocks more tempting than BOX.
Analysts suggest that may be a bad idea. The Box analyst forecasts on MarketBeat give BOX stock a consensus price target of $30. It’s also important to note that institutional investors have been buying the stock over the last three quarters.
About BOX
Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.
More about BOX- Current Price
- $31.21
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $36.44 (16.8% Upside)
