Jim Cramer: This Health Care Stock Is Pure Spec, The Only Neocloud I Like Is...
Cramer calls Nuvation Bio a pure spec, prefers CoreWeave over IREN, is unsure on Seneca, cautious on NuScale, and approves Box.
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DA Davidson analyst Lucky Schreiner maintains Box (NYSE:BOX) with a Buy and raises the price target from $45 to $50.
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Cramer calls Nuvation Bio a pure spec, prefers CoreWeave over IREN, is unsure on Seneca, cautious on NuScale, and approves Box.
Box stock rose 1.18% on Wednesday following second-quarter earnings that met expectations. The company reported record revenue of $321 million (up 9% YoY) and adjusted net income of $0.40 per share. Box raised full-year revenue guidance to $1.29 billion but slightly lowered profitability guidance to $1.54 per share. Growth was driven by adoption of the Enterprise Advanced plan as clients scale AI capabilities.
Morgan Stanley analyst Josh Baer maintains Box (NYSE:BOX) with a Equal-Weight and raises the price target from $33 to $36.
Citigroup analyst Steven Enders maintains Box (NYSE:BOX) with a Buy and raises the price target from $37 to $40.