Box Undervalued? Analyst Flags Overly Pessimistic Views Amid AI Monetization...

Published on 12 Dec 2024 on Benzinga

Box Undervalued? Analyst Flags Overly Pessimistic Views Amid AI Monetization...

BofA Securities analyst Michael Funk initiated coverage on Box Inc BOX with a Buy rating and a price target of $40.

The rating implies an upside potential of 24%. As the leading enterprise data repository, Funk considers Box well positioned for AI monetization opportunities as the market transitions from simply storing data and documents to extracting value, insights, and increased productivity by leveraging AI.

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NYSE.BOX price evolution

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