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Investing.com - Raymond James lowered its price target on Box, Inc. (NYSE:BOX) to $38.00 from $42.00 on Wednesday, while maintaining an Outperform rating on the cloud content management company.
The firm noted that Box delivered "impressive" third-quarter fiscal 2025 results across all key performance indicators, despite shares falling approximately 5% in after-hours trading due to what Raymond James described as "below the line variances."
Box maintained double-digit billings growth, with even stronger growth in current remaining performance obligations (cRPO), driven by strong execution and early renewals that improved the net retention rate (NRR) metric.
Raymond James highlighted that Box shares trade at approximately 14 times its fiscal 2027 free cash flow estimate after hours, representing what it considers an attractive risk/reward profile.
The firm specifically pointed to potential artificial intelligence tailwinds and longer-term prospects for revenue growth acceleration into double digits as factors supporting its continued Outperform rating on Box stock.
In other recent news, Box Inc reported its Q3 2025 earnings, showcasing a revenue of $301 million, which exceeded the expected $297.46 million. The company’s earnings per share (EPS) came in at $0.31, slightly below the forecasted $0.32. Despite this minor EPS miss, the positive reaction from investors was largely due to the revenue beat and the company’s strategic advancements in artificial intelligence and cloud services. Additionally, Box Inc’s stock saw a rise in after-hours trading. The company’s focus on these technological advancements appears to be a significant factor in investor confidence. These recent developments highlight the company’s ongoing efforts to enhance its offerings in the technology sector.
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