Box (BOX) Reaffirms Strong Buy Case Amid Institutional Confidence

On December 3, 2025, DA Davidson reaffirmed its bullish stance on Box with a Buy rating, signaling continued confidence in the stock’s trajectory. The market consensus surrounding BOX reflects meaningful upside potential, with analyst projections suggesting a 24.29% gain from current levels.

Price Target and Growth Outlook

As of mid-November 2025, Wall Street’s one-year price objective for Box stands at $37.50 per share, representing substantial appreciation from the most recent closing price of $30.17. The consensus forecasts span a range from $26.26 on the conservative end to $47.25 at the bullish extreme. Beyond price appreciation, the company’s fundamentals appear supportive—projected annual revenue is expected to reach 1,303MM, reflecting a 13.22% year-over-year increase. Non-GAAP EPS guidance stands at 2.31, marking a 3.91% improvement from prior expectations.

Institutional Interest and Market Positioning

The fund landscape surrounding BOX tells an interesting story about institutional conviction. Currently, 776 funds and institutions maintain positions in the company, though this represents a slight contraction of 30 investors (or 3.72%) during the most recent quarter. Despite the modest headcount decline, the average fund allocation to BOX grew to 0.21%, up 3.72% sequentially. Total institutional shareholding decreased marginally by 3.28% to 184,345K shares over the three-month period.

The put/call ratio for BOX stands at 0.67, a metric that points toward bullish sentiment among options traders and hedgers.

Major Shareholder Movements

Notable portfolio managers reveal mixed activity:

iShares Core S&P Small-Cap ETF (IJR) holds 8,625K shares (5.95% ownership), down from 8,881K shares previously—a 2.96% reduction. However, the fund boosted its BOX weighting by 6.62% quarter-over-quarter.

Earnest Partners maintains 7,705K shares (5.32% stake), compared to 7,793K shares in the prior period—a 1.14% decline. The firm trimmed its BOX allocation by 10.14%.

Acadian Asset Management owns 4,453K shares (3.07% ownership), representing a 7.08% increase from 4,137K shares previously. Despite larger share count, the portfolio weight decreased 14.07%.

Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) increased holdings to 4,398K shares (3.04% ownership) from 4,349K shares, a 1.12% gain, though allocation weight slipped 0.09%.

Arrowstreet Capital reduced holdings to 3,906K shares (2.70% ownership) from 4,247K shares—an 8.72% decrease—and cut portfolio weighting by 22.50%.

These varied positioning adjustments suggest a nuanced institutional view, with some managers building while others trim exposure to the cloud storage and collaboration platform.