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RBC Capital Reaffirms Their Buy Rating on Dropbox (DBX)

Tipranks - Tipranks - Thu Jan 15, 8:16PM CST

In a report released on January 13, Rishi Jaluria from RBC Capital maintained a Buy rating on Dropbox, with a price target of $35.00. The company’s shares closed yesterday at $26.75.

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Jaluria covers the Technology sector, focusing on stocks such as Guidewire, Oracle, and NICE. According to TipRanks, Jaluria has an average return of -4.6% and a 49.90% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Dropbox with a $31.33 average price target.

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Based on Dropbox’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $634.4 million and a net profit of $123.8 million. In comparison, last year the company earned a revenue of $638.8 million and had a net profit of $106.7 million

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