Bank of America Securities Sticks to Its Sell Rating for Dropbox (DBX)
Bank of America Securities analyst Matt Bullock reiterated a Sell rating on Dropbox today and set a price target of $29.00.
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According to TipRanks, Bullock is an analyst with an average return of -3.8% and a 20.00% success rate. Bullock covers the Technology sector, focusing on stocks such as Monday.com, Box, and Asana.
Dropbox has an analyst consensus of Hold, with a price target consensus of $29.38.
Based on Dropbox’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $625.7 million and a net profit of $125.6 million. In comparison, last year the company earned a revenue of $634.5 million and had a net profit of $110.5 million
Read More on DBX:
Disclaimer & DisclosureReport an Issue
- Dropbox’s Hold Rating: Balancing Solid Financials with Strategic Uncertainties
- Dropbox’s Growth Concerns and Flat Outlook Justify Hold Rating Despite Strong Q3 Performance
- Dropbox Reports Strong Margins Amid Revenue Dip
- Dropbox cuts FY25 CapEx view to $20M-$25M from $25M-$30M
- Dropbox says FY26 strategy reflects FY25 goals with respect to revenue
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