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RBC Capital Remains a Buy on Dropbox (DBX)

Tipranks - Tipranks - Wed Apr 8, 8:50PM CDT

In a report released on April 6, Rishi Jaluria from RBC Capital maintained a Buy rating on Dropbox, with a price target of $30.00. The company’s shares closed yesterday at $23.75.

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According to TipRanks, Jaluria is an analyst with an average return of -6.4% and a 48.20% success rate. Jaluria covers the Technology sector, focusing on stocks such as Microsoft, Fastly, and NICE.

Currently, the analyst consensus on Dropbox is a Hold with an average price target of $26.25.

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Based on Dropbox’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $636.2 million and a net profit of $108.7 million. In comparison, last year the company earned a revenue of $643.6 million and had a net profit of $102.8 million

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