Dropbox (DBX) Now Covered by Bank of America

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The target price per share would indicate a possible upside of 15.55 % from company's last close price. This has been revealed to investors in analysts note on Friday, 11 May. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company's stock. Therefore 73% are positive. Dropbox has a 1 year low of $31.00 and a 1 year high of $32.63. Dropbox now has a consensus rating of "Buy" and an average price target of $33.46.

File hosting service provider Dropbox Inc topped analysts' estimates for paying subscribers in its first financial report as a publicly traded company. The firm earned "Buy" rating on Tuesday, April 17 by Canaccord Genuity. (NASDAQ:DBX) rating on Tuesday, April 17. Goldman Sachs initiated Dropbox, Inc. As per Tuesday, April 17, the company rating was initiated by Piper Jaffray. KeyBanc Capital Markets initiated the shares of DBX in report on Tuesday, April 17 with "Buy" rating. Jefferies initiated Dropbox, Inc.

4/17/2018-JMP Securities initiated coverage with a Outperform rating. J.P. Morgan initiated the shares of DBX in report on Tuesday, April 17 with "Buy" rating. Finally, Bank of America started coverage on shares of Dropbox in a research report on Tuesday, April 17th. The company's stock had a trading volume of 7,334,729 shares, compared to its average volume of 2,552,506.

Shares in the cloud computing storage company traded up almost 4% on Wednesday, and analysts said they expect Dropbox to keep up that momentum while exceeding Wall Street's targets in several key growth areas. It has underperformed by 11.55% the S&P500.

Dropbox Inc provides a collaboration platform worldwide.

Dropbox, now valued at $12.5 billion on the public markets, began trading on the Nasdaq at the end of March in what was widely considered a successful IPO. Its platform allows individuals, teams, and organizations to create, access, and share content online. DA Davidson analyst R. Jaluria now forecasts that the company will post earnings of $0.05 per share for the quarter, up from their prior forecast of $0.04. The company was formerly known as Evenflow, Inc and changed its name to Dropbox, Inc in October 2009. Dropbox stock fluctuated and then gradually fell after it declared better-than-expected first quarter results in its first earnings report as a public company on Thursday. (NASDAQ:DBX) news were published by: Benzinga.com which released: "What This Analyst Expects From Dropbox's Q1" on May 10, 2018, also Seekingalpha.com with their article: "Why Did Tech Rally?"

Today, after the bell, Dropbox reported its first set of earnings as a public company.

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