Latest news with #PinjalimBora
Business Insider
25-06-2025
- Business
- Business Insider
Gitlab (GTLB) Gets a Hold from Goldman Sachs
Goldman Sachs analyst Kash Rangan reiterated a Hold rating on Gitlab (GTLB – Research Report) today and set a price target of $50.00. The company's shares closed today at $42.83. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Rangan covers the Technology sector, focusing on stocks such as Microsoft, ServiceNow, and Snowflake. According to TipRanks, Rangan has an average return of 8.7% and a 56.78% success rate on recommended stocks. In addition to Goldman Sachs, Gitlab also received a Hold from J.P. Morgan's Pinjalim Bora in a report issued on June 11. However, on June 19, RBC Capital maintained a Buy rating on Gitlab (NASDAQ: GTLB). The company has a one-year high of $74.18 and a one-year low of $37.90. Currently, Gitlab has an average volume of 3.66M. Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GTLB in relation to earlier this year. Most recently, in March 2025, Matthew Jacobson, a Director at GTLB sold 152,884.00 shares for a total of $8,001,252.04.
Globe and Mail
24-06-2025
- Business
- Globe and Mail
Analysts Offer Insights on Technology Companies: Pure Storage (PSTG) and Accenture (ACN)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Pure Storage (PSTG – Research Report) and Accenture (ACN – Research Report) with bullish sentiments. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Pure Storage (PSTG) J.P. Morgan analyst Pinjalim Bora maintained a Buy rating on Pure Storage today. The company's shares closed last Friday at $51.58. According to Bora is a 5-star analyst with an average return of 10.9% and a 58.3% success rate. Bora covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Pegasystems, and Informatica. ;'> The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pure Storage with a $72.24 average price target, implying a 36.1% upside from current levels. In a report issued on June 20, Needham also maintained a Buy rating on the stock with a $75.00 price target. Accenture (ACN) In a report issued on June 20, Jonathan Lee CFA from Guggenheim maintained a Buy rating on Accenture, with a price target of $335.00. The company's shares closed last Friday at $285.37, close to its 52-week low of $278.69. According to CFA is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -22.5% and a 15.8% success rate. CFA covers the Technology sector, focusing on stocks such as Epam Systems, Globant SA, and Endava. ;'> Currently, the analyst consensus on Accenture is a Moderate Buy with an average price target of $346.80, which is a 23.2% upside from current levels. In a report issued on June 10, Bank of America Securities also maintained a Buy rating on the stock with a $373.00 price target.
Yahoo
29-05-2025
- Business
- Yahoo
Box (BOX) Stock Gets a Boost After Q1 Beat – But Will Second-Half Headwinds Hold It Back?
We recently published a list of . In this article, we are going to take a look at where Box, Inc. (NYSE:BOX) stands against other AI stocks on latest news and ratings. On May 28, JPMorgan has increased its price target for Box, Inc. (NYSE:BOX) from $37 to $39 while maintaining an 'Overweight' rating on the company's shares. Box, Inc. (NYSE:BOX) develops intelligent content cloud software. Analyst Pinjalim Bora noted how Box has had a robust start to the year, but also indicated that its guidance integrates a degree of conservatism, positioning the company well in the current market environment. A close-up of a laptop with a screen revealing the 25 languages supported by the company's cloud content management platform. Box's reported performance demonstrated calculated billings growth of 27% year-over-year (y/y) in USD, topping the consensus estimate of 13% y/y growth. While some of this growth benefited from early renewals despite normalizing, the figures exceeded guidance. The company attributed the growth to strong demand for Box's Enterprise Advanced SKU and AI offerings. The firm also noted how Box has had many positive indicators. For instance, revenue for the quarter was said to be in line with expectations, while pro forma earnings per share (PF EPS) beat forecasts. Nevertheless, the company management has cautioned about its second-half guidance owing to macroeconomic uncertainties. For this reason, it has adjusted its billings growth outlook in CC but maintained its revenue growth forecast. The analyst further highlighted the successful adoption of Box's bundled offerings and the potential for AI to generate significant consumption-based revenue when discussing its first quarter. The lowered billings growth guidance for the fiscal year was seen as the only concern, which may have investors questioning demand in the second half. Overall, JPMorgan maintains a positive medium-term outlook on Box, noting its position in the industry, particularly with the introduction of Agentic AI. Overall, BOX ranks 11th on our list of AI stocks on latest news and ratings. While we acknowledge the potential of BOX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BOX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Box (BOX) Stock Gets a Boost After Q1 Beat – But Will Second-Half Headwinds Hold It Back?
We recently published a list of . In this article, we are going to take a look at where Box, Inc. (NYSE:BOX) stands against other AI stocks on latest news and ratings. On May 28, JPMorgan has increased its price target for Box, Inc. (NYSE:BOX) from $37 to $39 while maintaining an 'Overweight' rating on the company's shares. Box, Inc. (NYSE:BOX) develops intelligent content cloud software. Analyst Pinjalim Bora noted how Box has had a robust start to the year, but also indicated that its guidance integrates a degree of conservatism, positioning the company well in the current market environment. A close-up of a laptop with a screen revealing the 25 languages supported by the company's cloud content management platform. Box's reported performance demonstrated calculated billings growth of 27% year-over-year (y/y) in USD, topping the consensus estimate of 13% y/y growth. While some of this growth benefited from early renewals despite normalizing, the figures exceeded guidance. The company attributed the growth to strong demand for Box's Enterprise Advanced SKU and AI offerings. The firm also noted how Box has had many positive indicators. For instance, revenue for the quarter was said to be in line with expectations, while pro forma earnings per share (PF EPS) beat forecasts. Nevertheless, the company management has cautioned about its second-half guidance owing to macroeconomic uncertainties. For this reason, it has adjusted its billings growth outlook in CC but maintained its revenue growth forecast. The analyst further highlighted the successful adoption of Box's bundled offerings and the potential for AI to generate significant consumption-based revenue when discussing its first quarter. The lowered billings growth guidance for the fiscal year was seen as the only concern, which may have investors questioning demand in the second half. Overall, JPMorgan maintains a positive medium-term outlook on Box, noting its position in the industry, particularly with the introduction of Agentic AI. Overall, BOX ranks 11th on our list of AI stocks on latest news and ratings. While we acknowledge the potential of BOX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BOX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
28-05-2025
- Business
- Yahoo
Box's Billings Growth Doubles Estimates
Box (NYSE:BOX) popped almos 14.5% this morning after crushing Q1 fiscal 2026 billings forecasts and impressing analysts. The cloud-content specialist delivered 27% year-over-year billings growth in USDmore than double the 13% consensusand 17% growth in constant currency, marking one of the biggest beats in recent quarters thanks in part to early renewals. J.P. Morgan's Pinjalim Bora called it a strong start to the year, while Morgan Stanley raised its price target to $38, noting stable full churn at 3% and net dollar retention of 102%. Both firms highlight that Box isn't feeling macro headwinds in deal flow and is seeing accelerating demand for multi-year contracts, with long-term RPO up 32%. The integration of Agentic AI only adds fuel to its growth story. Investors should care because these metrics signal resilient core fundamentals and a widening AI opportunitykey drivers for Box's next leg of expansion. With Q2 guidance due in August, markets will be watching for management's outlook on sustained billings momentum and AI-led product traction. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
