
Boxlight (BOXL) Stock Forecast & Price Target
Boxlight (BOXL) Analyst Ratings
Bulls say
Boxlight Corp has reported an improvement in its gross margin, rising to 34.5%, which exceeded expectations and reflects effective cost management strategies. The company anticipates a return to revenue growth in 2024, with projected revenue increasing modestly to $178.6 million, driven by recent order activity and improved seasonal patterns. Additionally, operational improvements and fixed cost reductions contribute to a favorable outlook for profitability and efficiency, positioning Boxlight to meet future investor expectations effectively.
Bears say
Boxlight Corp has experienced a downward revision in its financial projections, with 2024 revenue now modeled at $175.5 million, down from a prior estimate of $183.3 million, reflecting management's guidance for stagnation in growth. The company is also expected to face a decline in gross margin by 100 to 200 basis points for 2024, alongside slightly increased operating expenses, which further strains profitability. Following disappointing third-quarter results, including an EBITDA decrease to $8.1 million from an earlier estimate of $15.8 million and a significant drop in gross revenue to $49.7 million compared to previous expectations, the stock has declined 27.1%, indicating significant investor concern about future performance.
This aggregate rating is based on analysts' research of Boxlight and is not a guaranteed prediction by Public.com or investment advice.
Boxlight (BOXL) Analyst Forecast & Price Prediction
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