Maxim Group analyst Jack Vander Aarde has reiterated their bullish stance on BOXL stock, giving a Buy rating on March 15.
Jack Vander Aarde’s rating is based on a comprehensive analysis of Boxlight’s recent performance and future prospects. Despite a challenging environment that resulted in a revenue decline, Boxlight maintained positive adjusted EBITDA and free cash flow. The new leadership is expected to enhance operational efficiency and focus on margin expansion and disciplined cost management. Additionally, the company’s end-of-year cash position is solid and is not anticipated to necessitate additional capital, suggesting financial stability.
Furthermore, Vander Aarde’s optimistic outlook for Boxlight is supported by expectations of profitable growth rebounding in 2025, with forecasts indicating an increase in revenue and a healthy adjusted EBITDA margin. The lowered price target still reflects a favorable valuation, with the stock trading at an attractive EV/EBITDA multiple compared to future estimates. These factors, combined with positive free cash flow projections for the upcoming years, underpin Vander Aarde’s Buy rating for BOXL.
According to TipRanks, Vander Aarde is a 4-star analyst with an average return of 12.1% and a 34.25% success rate. Vander Aarde covers the Technology sector, focusing on stocks such as Boxlight, Turtle Beach, and Perficient.
In another report released on March 15, H.C. Wainwright also reiterated a Buy rating on the stock with a $2.00 price target.
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Boxlight (BOXL) Company Description:
Boxlight Corp. engages in the provision of interactive educational products. It designs, manufactures and distributes interactive projectors, flat panel displays, touch projectors, touchboards, and MimioTeach through the Boxlight Group and Genesis brands. The firm provides features and specifications like using pens or fingers as a mouse which allows teacher, moderator or student to write or draw images displayed on the surface. Its customers include schools including K-12 and higher education, enterprise for training purposes, government and healthcare. The company was founded in 1985 and is headquartered in Lawrenceville, GA.
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