In a report released on April 24, Rishi Jaluria from RBC Capital maintained a Buy rating on Dropbox (DBX – Research Report), with a price target of $32.00. The company’s shares closed yesterday at $24.15.
Jaluria covers the Technology sector, focusing on stocks such as Palantir Technologies, Pegasystems, and Salesforce. According to TipRanks, Jaluria has an average return of 3.4% and a 51.33% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Dropbox with a $28.50 average price target.
DBX market cap is currently $8.07B and has a P/E ratio of 17.86.
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Dropbox (DBX) Company Description:
Dropbox, Inc. is a collaboration platform that’s transforming the way people and teams work together. It offers following products: Dropbox Basic, Plus, Professional and Business. The Dropbox Basic is the simple, powerful home for photos, videos, docs, and other files. Its users also get access to new product Dropbox Paper, a collaborative workspace that helps teams create and share early ideas, and work with any type of content, in one centralized place. The Dropbox Plus provides unrivalled sync along with 1 TB of space, powerful sharing features, and increased control. The Dropbox Professional allows independent workers to store, share, and track their work from one place. The Dropbox Business is designed for small to enterprise level businesses, which users get full visibility and control over how critical work files are accessed and shared while letting team members continue to use the products. Dropbox was founded by Andrew W. Houston and Arash Ferdowsi in June 2007 and is headquartered in San Francisco, CA.
