DA Davidson reiterates Buy rating on Box stock, maintains $45 price target

Investing.com - DA Davidson has reiterated its Buy rating on Box, Inc. (NYSE:BOX) while maintaining its $45.00 price target following the BoxWorks 2025 virtual event. Currently trading at $32.49, Box shows impressive financial health with a "GREAT" overall score according to InvestingPro metrics.

The firm expressed increased optimism about Box’s growth prospects after reviewing new product announcements unveiled during the company’s annual conference. The company has maintained solid performance with a 79% gross profit margin and 6.29% revenue growth in the last twelve months.

DA Davidson noted that Box is enhancing its platform to enable customers to automate more workflows, which could potentially drive growth through new use cases, additional user seats, and consolidation of point solutions onto the Box platform.

The research firm highlighted Box’s continued efforts to enhance its platform value and positioned the company favorably to automate both new and existing enterprise workflows.

Box’s leadership position in content management was specifically cited as a key strength that supports the firm’s positive outlook on the company’s future performance.

In other recent news, Box Inc. reported its second-quarter earnings for fiscal year 2026, exceeding analyst expectations with an earnings per share of $0.33, surpassing the forecasted $0.31. Revenue also outperformed projections, reaching $294 million compared to the anticipated $290.78 million. Following these results, RBC Capital raised its price target for Box to $26, maintaining an Underperform rating, while Raymond James reiterated an Outperform rating with a $42 price target. DA Davidson also maintained a Buy rating and a $45 price target, citing increased demand for Box’s Enterprise Advanced tier, which is contributing to larger deal sizes and revenue growth. UBS kept its Buy rating and $42 price target after the BoxWorks conference, highlighting new generative AI product announcements. These products, such as Box AI Search Agent and Box Shield Pro, are expected to enhance the company’s offerings, with Box Shield Pro providing additional monetization opportunities. The positive earnings report and analyst ratings indicate a strong performance for Box Inc.

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