Citigroup Lowers Price Target for BOX Stock

Analysts cut price objective from $40 to $36 but maintain buy rating on the software maker's shares.

Published on Mar. 4, 2026

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Citigroup analysts have lowered their price target for BOX (NYSE:BOX) stock from $40 to $36 per share, while maintaining a 'buy' rating on the software company's stock. The analysts cited ongoing challenges in the enterprise cloud space as the reason for the reduced price target, though they remain bullish on BOX's long-term prospects.

Why it matters

BOX's stock price has been volatile in recent months as the company navigates a competitive enterprise software market. The Citigroup report suggests that while near-term headwinds exist, the analysts still see value in BOX's cloud content management and collaboration offerings for large organizations.

The details

In a note to investors, Citigroup analysts said they lowered their price target on BOX from $40 to $36 per share, while maintaining a 'buy' rating on the stock. The analysts cited ongoing challenges in the enterprise cloud software space as the reason for the reduced price target, though they remain optimistic about BOX's long-term potential.

  • Citigroup issued the updated price target and rating on Wednesday, March 4, 2026.

The players

Citigroup

A major global investment bank and financial services corporation.

BOX

An American cloud content management and file sharing company.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The Citigroup report suggests that while BOX faces near-term challenges in the competitive enterprise software market, the analysts still see long-term value in the company's cloud-based content management and collaboration offerings for large organizations.