Dropbox Inc (DBX) Receives a Rating Update from a Top Analyst

In a report released today, Brian White from Monness maintained a Hold rating on Dropbox Inc (DBXResearch Report). The company’s shares closed last Monday at $20.25.

According to TipRanks.com, White is a top 100 analyst with an average return of 23.2% and a 71.5% success rate. White covers the Technology sector, focusing on stocks such as Slack Technologies Inc, Spotify Technology SA, and Salesforce.com.

Dropbox Inc has an analyst consensus of Strong Buy, with a price target consensus of $31.00.

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Based on Dropbox Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $21.4 million. In comparison, last year the company had a GAAP net loss of $5.8 million.

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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.