Keybanc Maintains Overweight on Box, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Thomas Blakey has maintained an Overweight rating on Box, Inc. (NYSE:BOX) but has reduced the price target from $33 to $30.

December 06, 2023 | 9:41 am
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Keybanc analyst Thomas Blakey maintains an Overweight rating on Box, Inc. but lowers the price target from $33 to $30.
The reduction in price target by Keybanc, despite maintaining an Overweight rating, could lead to a negative perception among investors, potentially causing a short-term dip in Box's stock price. The Overweight rating suggests that the analyst still sees the company as a good investment, but the lowered price target may indicate a tempered expectation for growth or a response to market conditions.
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