The stock of Box Inc (NYSE:BOX) hit a new 52-week high and has $21.72 target or 38.00% above today’s $15.74 share price. The 5 months bullish chart indicates low risk for the $2.03B company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $21.72 price target is reached, the company will be worth $771.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 569,431 shares traded hands. Box Inc (NYSE:BOX) has risen 27.92% since February 26, 2016 and is uptrending. It has outperformed by 17.50% the S&P500.
Box Inc (NYSE:BOX) Ratings Coverage
Out of 10 analysts covering Box Inc (NYSE:BOX), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. $25 is the highest target while $12 is the lowest. The $19 average target is 20.71% above today’s ($15.74) stock price. Box Inc has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Oppenheimer on Friday, August 7. JP Morgan downgraded the stock to “Neutral” rating in Thursday, June 2 report. The firm has “Overweight” rating by Pacific Crest given on Monday, July 27. As per Friday, October 16, the company rating was upgraded by JP Morgan. The stock has “Outperform” rating given by JMP Securities on Tuesday, December 22. Morgan Stanley maintained Box Inc (NYSE:BOX) on Thursday, March 10 with “Equal-Weight” rating. The stock has “Buy” rating given by Bank of America on Tuesday, November 24. The company was initiated on Monday, September 26 by Rosenblatt. Mitsubishi UFJ initiated Box Inc (NYSE:BOX) on Friday, September 16 with “Neutral” rating. As per Friday, September 25, the company rating was upgraded by Canaccord Genuity.
According to Zacks Investment Research, “Box, Inc. is a provider of a cloud -based product platform. Its solution include Box OneCloud, FTP alternative, document management, executive boardroom, project management, virtual data room, marketing asset management, sales portal and secure enterprise mobility. The company’s platform offers content management and collaboration, storing, sharing and managing files. It serves advertising, construction, consumer packaged goods, education, energy, financial services and insurance, government, healthcare and life sciences, high tech, legal, manufacturing, media and entertainment as well as retail industry. Box, Inc. is headquartered in Los Altos, California.”
More notable recent Box Inc (NYSE:BOX) news were published by: Finance.Yahoo.com which released: “Why Box, Inc. (BOX) Could Be an Impressive Growth Stock” on September 20, 2016, also Streetinsider.com with their article: “Rosenblatt Starts Box, Inc. (BOX) at Buy” published on September 26, 2016, Fool.com published: “Why Jack in the Box Inc. Stock Jumped 13% in August” on September 10, 2016. More interesting news about Box Inc (NYSE:BOX) were released by: Investorplace.com and their article: “Trade of the Day: Box Inc (NYSE:BOX)” published on September 12, 2016 as well as Twst.com‘s news article titled: “Box Inc.: The Impact of the OpenText/Documentum Acquisition on ECM in Life …” with publication date: September 29, 2016.
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