Boxlight price target lowered to $1.75 from $2.50 at Alliance Global Partners

Alliance Global Partners analyst Brian Kinstlinger lowered the firm’s price target on Boxlight to $1.75 from $2.50 and keeps a Buy rating on the shares post the Q4 results. The analyst says weaker demand trends will lead to lower than expected profits. While currency is pressuring revenue, weaker demand trends during Q4 are expected to continue through the first half of 2023, the analyst tells investors in a research note.