Analysts have been eager to weigh in on the Technology sector with new ratings on Glu Mobile (GLUU) and Dropbox (DBX).
Glu Mobile (GLUU)
Roth Capital analyst Darren Aftahi maintained a Buy rating on Glu Mobile yesterday and set a price target of $12.50. The company’s shares closed last Tuesday at $9.78, close to its 52-week high of $10.85.
According to TipRanks.com, Aftahi is a top 100 analyst with an average return of 29.2% and a 56.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as Remark Holdings, Digital Turbine, and Mitek Systems.
Currently, the analyst consensus on Glu Mobile is a Moderate Buy with an average price target of $10.73, implying a 6.4% upside from current levels. In a report issued on July 31, Wedbush also maintained a Buy rating on the stock with a $11.50 price target.
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Dropbox (DBX)
Monness analyst Brian White maintained a Hold rating on Dropbox today. The company’s shares closed last Tuesday at $23.23, close to its 52-week high of $24.14.
According to TipRanks.com, White is a top 25 analyst with an average return of 28.6% and a 77.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Salesforce.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dropbox with a $26.25 average price target, implying a 12.8% upside from current levels. In a report issued on July 31, Merrill Lynch also downgraded the stock to Hold with a $25.00 price target.
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