UBS Initiates Coverage On Box with Buy Rating, Announces Price Target of $33
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Rich Hilliker has initiated coverage on cloud content management company Box (NYSE:BOX) with a Buy rating and set a price target of $33. This new coverage could influence investor sentiment and potentially impact Box's stock price in the short term.
December 15, 2023 | 10:19 am
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UBS analyst Rich Hilliker has initiated coverage on Box with a Buy rating and a price target of $33, which may positively influence the stock's performance in the short term.
Analyst ratings, especially from prominent financial institutions like UBS, can significantly affect stock prices as they often influence investor perception and can lead to increased buying activity. The Buy rating and the price target above the current market price suggest a positive outlook for Box, which could result in a short-term price increase.
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