RBC Capital Reiterates Underperform on Box, Maintains $21 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria reiterated an Underperform rating on Box (NYSE:BOX) and maintained a $21 price target. This suggests a cautious outlook on the company's stock performance.
March 06, 2024 | 2:51 pm
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NEGATIVE IMPACT
RBC Capital's reiteration of an Underperform rating with a $21 price target on Box indicates a bearish outlook on the stock's short-term performance.
The reiteration of the Underperform rating by a prominent analyst suggests that there are concerns about Box's future performance or valuation at current levels. This could lead to negative sentiment among investors, potentially impacting the stock's price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100