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Investing.com - DA Davidson has reiterated its Buy rating and $45.00 price target on Box, Inc. (NYSE:BOX) following the company’s quarterly earnings report. The target represents a significant upside from the current price of $31.16, with InvestingPro data showing 7 analysts recently revising their earnings expectations upward.
The research firm cited Box’s raised outlook for the year after what it described as "another impressive quarter of demand" for the company’s Enterprise Advanced tier. This premium offering is reportedly leading to larger deal sizes and revenue growth acceleration, supported by impressive gross profit margins of 79.15% and year-over-year revenue growth of 4.88%.
DA Davidson noted that Box is expanding into more complex artificial intelligence use cases with customers and experiencing greater involvement from partners in its ecosystem.
The firm stated that it continues to believe Box is in the early stages of a positive inflection point in its growth trajectory.
Box’s Enterprise Advanced tier, which includes advanced security and compliance features, has become a key driver for the company’s business as organizations seek more sophisticated content management solutions.
In other recent news, Box, Inc. reported its second-quarter earnings for fiscal year 2026, surpassing analyst expectations with an earnings per share of $0.33, compared to the forecasted $0.31. The company’s revenue also exceeded projections, reaching $294 million against a forecast of $290.78 million. Raymond James reiterated its Outperform rating on Box, maintaining a price target of $42.00, following these strong quarterly results. The firm highlighted Box’s performance, noting mid-teens growth in constant currency remaining performance obligations and a 3% beat on billings.
RBC Capital raised its price target for Box to $26.00 from $24.00 while maintaining an Underperform rating. The company’s Q2 revenue exceeded Street expectations by 1.1%, compared to a four-quarter average beat of 0.2%. Additionally, Box’s billings outperformed analyst consensus by 3.4%, and its non-GAAP operating margin came in approximately 60 basis points above expectations. These developments reflect positively on Box’s financial health and operational efficiency.
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