Alliance Global Partners analyst Brian Kinstlinger lowered the firm’s price target on Boxlight to $6 from $9 and keeps a Buy rating on the shares. The firm’s target is based on an unchanged EV/EBITDA multiple applied to its 2025 estimate, notes the analyst, who now forecasts revenue to decline 2.2% in 2024 to $175M and introduced a 2025 estimate of $189M, or 8% growth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BOXL:
