Box price target raised to $32 from $31 at JPMorgan

JPMorgan analyst Pinjalim Bora raised the firm’s price target on Box to $32 from $31 and keeps an Overweight rating on the shares. Box reported a good end to the year marked by an improvement in the growth trajectory of a number of forward looking metrics, while revenue landed inline and margins came in ahead, the analyst tells investors in a research note.