Monness Keeps a Hold Rating on Dropbox Inc (DBX)


In a report released today, Brian White from Monness maintained a Hold rating on Dropbox Inc (DBX). The company’s shares closed yesterday at $25.59.

According to TipRanks.com, White is a top 100 analyst with an average return of 22.0% and a 71.0% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.

Currently, the analyst consensus on Dropbox Inc is a Strong Buy with an average price target of $35, representing a 36.8% upside. In a report issued on February 20, Merrill Lynch also maintained a Hold rating on the stock with a $33 price target.

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The company has a one-year high of $43.50 and a one-year low of $18.50. Currently, Dropbox Inc has an average volume of 2.74M.

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock.

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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.