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Analysts’ Opinions Are Mixed on These Technology Stocks: Dropbox (DBX), Atlassian (TEAM) and AvePoint (AVPT)

Tipranks - Sat Aug 8, 1:26AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Dropbox (DBX), Atlassian (TEAM) and AvePoint (AVPT).

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Dropbox (DBX)

Dropbox received a Hold rating from William Blair analyst Jason Ader today. The company’s shares closed last Thursday at $34.54.

According to TipRanks.com, Ader is a 4-star analyst with an average return of 4.6% and a 48.5% success rate. Ader covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Rubrik, Inc. Class A, and CommVault Systems. ;'>

Dropbox has an analyst consensus of Hold, with a price target consensus of $29.33, implying a -15.1% downside from current levels. In a report issued on July 30, Citi also reiterated a Hold rating on the stock with a $28.00 price target.

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Atlassian (TEAM)

In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on Atlassian, with a price target of $200.00. The company’s shares closed last Thursday at $110.17.

According to TipRanks.com, Thill is a 4-star analyst with an average return of 3.2% and a 53.2% success rate. Thill covers the Technology sector, focusing on stocks such as International Business Machines, Palantir Technologies, and Procore Technologies. ;'>

Atlassian has an analyst consensus of Strong Buy, with a price target consensus of $130.86, implying a 20.4% upside from current levels. In a report issued on July 25, TipRanks – PerPlexity also upgraded the stock to Buy with a $89.00 price target.

AvePoint (AVPT)

In a report released today, Joseph Gallo from Jefferies maintained a Buy rating on AvePoint, with a price target of $16.00. The company’s shares closed last Thursday at $12.79.

According to TipRanks.com, Gallo is a 5-star analyst with an average return of 20.6% and a 68.1% success rate. Gallo covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Tenable Holdings. ;'>

AvePoint has an analyst consensus of Moderate Buy, with a price target consensus of $16.33, a 24.5% upside from current levels. In a report released today, TipRanks – Anthropic also upgraded the stock to Buy with a $15.00 price target.

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