Box, Inc. (BOX) PT Raised to $17 at Stifel on 1Q Beat; 'Partnership Momentum + Add-On Expansion Remains a Positive'

Stifel raised its price target on Box, Inc. (NYSE: BOX) to $17.00 (from $15.00) while maintaining a Hold rating, following the company's first quarter earnings report.

Analyst Aaron Rakers notes the company delivered first quarter earnings per share and revenues above consensus projections, as management continues to benefit from positive trends in add-on solutions.

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