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Posted by
Two Blokes May 28, 2025 -
Filed in
Stock
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10 views
I'm upgrading Box to a buy after a strong Q1 "beat and raise" and accelerating billings growth, signaling renewed momentum. Box benefits from high-margin, sticky recurring revenue and is finally gaining market share from Dropbox, which is now shrinking. The company's Q1 results showcased a sharp acceleration in billings growth to 27% y/y from just 5% y/y in Q4. The company is benefiting from AI-related demand tailwinds.
