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Analysts Offer Insights on Technology Companies: Block (XYZ) and Box (BOX)

Tipranks - Sat Mar 21, 6:30AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Block (XYZ) and Box (BOX).

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Block (XYZ)

Morgan Stanley analyst James Faucette maintained a Buy rating on Block today and set a price target of $93.00. The company’s shares closed last Thursday at $58.99, close to its 52-week low of $53.54.

According to TipRanks.com, Faucette is a 4-star analyst with an average return of 2.9% and a 57.9% success rate. Faucette covers the Technology sector, focusing on stocks such as Circle Internet Group, Inc. Class A, Broadridge Financial Solutions, and Kyndryl Holdings Incorporation. ;'>

Block has an analyst consensus of Strong Buy, with a price target consensus of $84.94, implying a 48.4% upside from current levels. In a report issued on March 5, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $88.00 price target.

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Box (BOX)

In a report released today, Josh Baer from Morgan Stanley maintained a Hold rating on Box, with a price target of $33.00. The company’s shares closed last Thursday at $23.86.

According to TipRanks.com, Baer is a 4-star analyst with an average return of 4.5% and a 49.3% success rate. Baer covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Via Transportation, Inc. Class A, and ServiceTitan, Inc. Class A. ;'>

Box has an analyst consensus of Moderate Buy, with a price target consensus of $32.13, which is a 32.1% upside from current levels. In a report issued on March 5, TipRanks – OpenAI also downgraded the stock to Hold with a $29.00 price target.

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