Wells Fargo Reaffirms Their Buy Rating on Boxed (BOXD)

Wells Fargo analyst Brian Fitzgerald maintained a Buy rating on Boxed (BOXDResearch Report) today and set a price target of $5.00. The company’s shares closed today at $1.62.

According to TipRanks, Fitzgerald is a 5-star analyst with an average return of 18.8% and a 56.80% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Angi, LiveRamp Holdings, and Take-Two.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boxed with a $3.50 average price target, an 116.05% upside from current levels. In a report released on August 10, D.A. Davidson also maintained a Buy rating on the stock with a $6.00 price target.

See today’s best-performing stocks on TipRanks >>

BOXD market cap is currently $110.2M and has a P/E ratio of -1.08.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BOXD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Seven Oaks Acquisition Corp is a blank check company.

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