Boxlight price target lowered to $2.50 from $4.50 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on Boxlight to $2.50 from $4.50 and keeps a Buy rating on the shares after the company reported full Q4 results in line with the company’s pre-announcement and said that market softness, extended sales cycles, and other headwinds resulted in weaker-than-expected demand during the quarter. Order trends have been down over the last 12 months, notes the firm, which lowered its revenue estimates for 2024 and 2025 after the report.