Why Box, Inc. (BOX) Soared On Wednesday

We recently published a list of While Market Bleeds, These 10 Firms Soar. In this article, we are going to take a look at where Box, Inc. (NYSE:BOX) stands against other best-performing stocks.

Box Inc. jumped by 17.23 percent on Wednesday to finish at $36.86 apiece following bullish outlooks from both the company and market experts.

In a statement, Box, Inc. (NYSE:BOX) said it expects to grow its revenues by 8 percent in the second quarter of fiscal year 2026, as well as by 7 percent in the full fiscal year period. Revenues for the second quarter are expected to be in the range of $290 million to $291 million, while revenues for the full year are expected to settle at $1.165 billion to $1.170 billion.

In the past quarter of the year, Box, Inc. (NYSE:BOX) dropped its net income by 52 percent to $8.194 million from $17.2 million registered in the same period last year, but revenues increased by 4.5 percent to $276 million from $264 million year-on-year.

Following the earnings results, investment firm Raymond James raised its price target to $42 and maintained its Outperform rating for the company, saying that it was optimistic about the company’s growth prospects and capability of sustaining double-digit growth rates.

It also earned a higher price target of $24 from RBC Capital, albeit the figure was 35 percent lower than Box, Inc.’s (NYSE:BOX) closing price on Wednesday.

Overall, BOX ranks 2nd on our list of best-performing stocks. While we acknowledge the potential of BOX, 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 10,000x 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.