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Fly News Breaks for May 31, 2018
BOX
May 31, 2018 | 07:18 EDT
Canaccord analyst Richard Davis raised his price target on Box to $30 from $25 following Q1 results. The analyst said there are enough good things going on at the company that the stock should work higher from here. He said he can see $30-$33 in the next 12-18 months based on its 2020 revenue estimates and he said he agrees with management that the line of sight to $1B in revenues is realistic. Davis reiterated his Buy rating on Box shares.
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