Box price target raised to $34 from $33 at UBS

UBS analyst Rich Hilliker raised the firm’s price target on Box to $34 from $33 and keeps a Buy rating on the shares post the Q4 report. Box’s results and currency-adjusted guidance were better than feared, and artificial intelligence, Crooze, and partner commentary demonstrated incremental maturity in its role as a strategic partner to enterprises, the analyst tells investors in a research note. The firm says that while Box’s net retention declined further and near-term demand could remain tempered, its pricing and packaging evolution is still under way.