Boxlight price target lowered to $2 from $3 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck lowered the firm’s price target on Boxlight to $2 from $3 and keeps a Buy rating on the shares following the Q4 report. The company’s revenue was largely consistent with expectations and its operating changes should be received favorably by investors, the analyst tells investors in a research note. The firm believes that as growth and profitability estimates are reset for 2024 and beyond and visibility improves through the year, Boxlight will be better positioned to execute against investor expectations.