×

Are Box stock's best days already over?

Box co-counders Aaron Levie (C) and Dylan Smith (2nd R) celebrate their company's IPO on the floor of the New York Stock Exchange, Jan. 23, 2015.
Brendan McDermid | Reuters
Box co-counders Aaron Levie (C) and Dylan Smith (2nd R) celebrate their company's IPO on the floor of the New York Stock Exchange, Jan. 23, 2015.

If you didn't get in on cloud play Box's initial public offering, it may be a long time before the shares offer value again, if Wall Street is correct.

On Tuesday, eight analysts started coverage on Box, which surged after its IPO last month, but only one said buy the stock.

This is unusual for two reasons:

1. It is rare to get a bearish consensus on a stock that just went public, because despite the Chinese wall that is supposed to be in place, the firms still want future banking business.

2. The stock has only fallen since surging almost 70 percent on its first day of trading so one would expect more than one analyst would see value.