Boxlight price target lowered to $4 from $5 at Maxim

Maxim lowered the firm’s price target on Boxlight to $4 from $5 but keeps a Buy rating on the shares. The analyst cites the company’s lower than expected Q4 revenue pre-announcement but remains positive on the stock given its recent leadership changes and believes that the management intends to focus on improved operating results. Maxim further notes that Boxlight remains on track for positive free cash flow expected in 2024.