BOX - BOX Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BOX in the last year. There are currently 1 sell rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BOX shares.
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7 Wall Street research analysts have issued 1-year price targets for BOX's stock. Their BOX share price forecasts range from $24.00 to $41.00. On average, they predict the company's share price to reach $35.00 in the next twelve months. This suggests a possible upside of 1.8% from the stock's current price.
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BOX's stock was trading at $31.13 at the beginning of 2023. Since then, BOX stock has increased by 10.4% and is now trading at $34.38.
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BOX saw a decrease in short interest in December. As of December 30th, there was short interest totaling 7,000,000 shares, a decrease of 5.5% from the December 15th total of 7,410,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the days-to-cover ratio is currently 5.9 days. Approximately 5.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
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Box, Inc. (NYSE:BOX) posted its quarterly earnings results on Wednesday, November, 30th. The software maker reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.06. The software maker earned $249.95 million during the quarter, compared to the consensus estimate of $250.79 million.

BOX updated its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share (EPS) guidance of $0.34-$0.35 for the period, compared to the consensus estimate of $0.33. The company issued revenue guidance of $255.00 million-$257.00 million, compared to the consensus revenue estimate of $259.25 million.

449 employees have rated BOX Chief Executive Officer Aaron Levie on Glassdoor.com. Aaron Levie has an approval rating of 95% among the company's employees. This puts Aaron Levie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other BOX investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), Block (SQ), Tesla (TSLA), Netflix (NFLX), Intel (INTC), Bank of America (BAC) and Walt Disney (DIS).

(BOX) raised $150 million in an initial public offering on Friday, January 23rd 2015. The company issued 12,500,000 shares at $11.00-$13.00 per share. Morgan Stanley, Credit Suisse, J.P. Morgan and BMO Capital Markets served as the underwriters for the IPO and Canaccord Genuity, Pacific Crest Securities, Raymond James and Wells Fargo Securities were co-managers.

BOX trades on the New York Stock Exchange (NYSE) under the ticker symbol "BOX."

BOX's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (1.56%), Ardevora Asset Management LLP (0.92%), Stephens Investment Management Group LLC (0.91%), Fort Washington Investment Advisors Inc. OH (0.62%), New York State Common Retirement Fund (0.62%) and Peregrine Capital Management LLC (0.38%). Insiders that own company stock include Aaron Levie, Dana L Evan, Daniel J Levin, Dylan C Smith, Dylan C Smith, Eli Berkovitch, Jeff Mannie and Kimberly Hammonds.
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Shares of BOX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BOX stock can currently be purchased for approximately $34.38.

BOX (NYSE:BOX) has a market capitalization of $4.91 billion and generates $874.33 million in revenue each year. The software maker earns $-41,460,000.00 in net income (profit) each year or ($0.11) on an earnings per share basis.

The company employs 2,172 workers across the globe.

BOX's mailing address is 900 JEFFERSON AVENUE, REDWOOD CITY CA, 94063. The official website for the company is www.box.com. The software maker can be reached via phone at (877) 729-4269 or via email at ir@box.com.