#6 - Box (NYSE:BOX)
Until this point, the stocks on this list have been outside of the technology sector. However, Box Inc. (NYSE: BOX) is an example of how you can still find growth at a reasonable price. Box is a software-as-a-service (SaaS) company that specializes in cloud storage and file sharing. Specifically, the company’s platforms allow organizations to manage their entire content lifecycle while working securely from anywhere.
The founder-led company focuses on enterprise customers. That’s one way that Box differentiates itself from competitors like Dropbox. The company has solid YOY topline growth, but with a market cap of around $3.8 billion, investors are finding large-cap tech stocks more tempting than BOX.
Analysts suggest that may be a bad idea. The Box analyst forecasts on MarketBeat give BOX stock a consensus price target of $30. It’s also important to note that institutional investors have been buying the stock over the last three quarters.
About BOX
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.
Read More - Current Price
- $35.67
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $31.22 (12.5% Downside)
