JPMorgan upgrades Box, says cloud stock can rally 20% on strong financials and product suite
Box is bucking the trend among technology names and stands to keep outperforming going forward, according to JPMorgan. Analyst Pinjalim Bora upgraded the software-as-a-service stock to overweight from neutral. He also upped his price target to $34 from $31. The new target represents upside of 20% from Friday’s close. “With shares now trading below our … [Read more…]