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.
See today’s analyst top recommended stocks >>
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.