After losing 22.92 percent over January, shares of Box Inc BOX started to recuperate. Over the past month, they have gained almost 19 percent. This probably led top Raters at the Vetr Community to upgrade their rating on the stock from 3.5 Stars to 4.5 Stars out of a possible 5.0 Stars.
It should be noted that 71 percent of the crowd’s ratings are bullish. However, the crowd has established a consensus price target of $11.93, which implies a downside of about 2.6 percent from current stock prices. On the other hand, analysts have fixed an average price target of $18.58.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
A few weeks ago, analysts at Credit Suisse reiterated an Outperform rating and $24 price target on shares of Box Inc, which are currently trading below $12.50.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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