Fintel reports that on December 18, 2024, DA Davidson initiated coverage of Box (NYSE:BOX) with a Buy recommendation.
Analyst Price Forecast Suggests 8.08% Upside
As of December 3, 2024, the average one-year price target for Box is $34.66/share. The forecasts range from a low of $21.21 to a high of $44.10. The average price target represents an increase of 8.08% from its latest reported closing price of $32.07 / share.
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The projected annual revenue for Box is 1,234MM, an increase of 14.95%. The projected annual non-GAAP EPS is 1.86.
What is the Fund Sentiment?
There are 747 funds or institutions reporting positions in Box. This is an increase of 28 owner(s) or 3.89% in the last quarter. Average portfolio weight of all funds dedicated to BOX is 0.20%, an increase of 0.96%. Total shares owned by institutions increased in the last three months by 10.40% to 176,540K shares. 
The put/call ratio of BOX is 0.42, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 9,246K shares representing 6.43% ownership of the company. In its prior filing, the firm reported owning 9,335K shares , representing a decrease of 0.97%. The firm increased its portfolio allocation in BOX by 10.02% over the last quarter.
Earnest Partners holds 7,734K shares representing 5.38% ownership of the company. In its prior filing, the firm reported owning 7,961K shares , representing a decrease of 2.93%. The firm increased its portfolio allocation in BOX by 12.01% over the last quarter.
RGM Capital holds 4,413K shares representing 3.07% ownership of the company. In its prior filing, the firm reported owning 5,282K shares , representing a decrease of 19.69%. The firm increased its portfolio allocation in BOX by 11.76% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,359K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 4,312K shares , representing an increase of 1.09%. The firm increased its portfolio allocation in BOX by 17.54% over the last quarter.
Bank Of America holds 3,767K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 3,717K shares , representing an increase of 1.32%. The firm increased its portfolio allocation in BOX by 17.85% over the last quarter.
Box Background Information
(This description is provided by the company.)
Box is a leading cloud content management platform that enables organizations to accelerate business processes, power workplace collaboration, and protect their most valuable information, all while working with a best-of-breed enterprise IT stack. Founded in 2005, Box simplifies work for leading organizations globally, including AstraZeneca, General Electric, JLL, and Morgan Stanley. Box is headquartered in Redwood City, CA, with offices across the United States, Europe, and Asia.
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This story originally appeared on Fintel.
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