This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.
RBC Capital Reaffirms Their Buy Rating on Dropbox (DBX)
In a report released today, Rishi Jaluria from RBC Capital maintained a Buy rating on Dropbox, with a price target of $32.00.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Jaluria covers the Technology sector, focusing on stocks such as Microsoft, Twilio, and Fastly. According to TipRanks, Jaluria has an average return of -7.3% and a 48.61% success rate on recommended stocks.
Dropbox has an analyst consensus of Hold, with a price target consensus of $26.75.
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
Read More on DBX:
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
