Box price target lowered to $21 from $24 at RBC Capital

RBC Capital analyst Rishi Jaluria lowered the firm’s price target on Box to $21 from $24 and keeps an Underperform rating on the shares after its Analyst Day presentation. The company’s FY26 targets and long-term operating model assumptions imply accelerating revenue growth and meaningful annual margin expansion, but these seem "too aspirational", leaving little room for error or upside, the analyst tells investors in a research note.