Equities researchers at Goldman Sachs started coverage on shares of Dropbox (NASDAQ:DBX) in a report released on Tuesday, The Fly reports. The brokerage set a “neutral” rating on the stock.
A number of other brokerages have also weighed in on DBX. Nomura began coverage on Dropbox in a research note on Thursday, April 12th. They issued a “reduce” rating and a $21.00 target price on the stock. DA Davidson upped their target price on Dropbox from $22.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Jefferies Group began coverage on Dropbox in a research note on Tuesday. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $28.50.
Shares of NASDAQ DBX opened at $29.02 on Tuesday. Dropbox has a twelve month low of $27.75 and a twelve month high of $34.83.
In other news, insider Arash Ferdowsi sold 2,333,333 shares of the stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $20.07, for a total transaction of $46,829,993.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
TRADEMARK VIOLATION NOTICE: “Dropbox (DBX) Earns Neutral Rating from Analysts at Goldman Sachs” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/04/17/dropbox-dbx-earns-neutral-rating-from-analysts-at-goldman-sachs.html.
Dropbox Company Profile
Dropbox Inc provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to create, access, and share content online. The company was formerly known as Evenflow, Inc and changed its name to Dropbox, Inc in October 2009. Dropbox Inc was founded in 2007 and is headquartered in San Francisco, California.
Receive News & Ratings for Dropbox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dropbox and related companies with MarketBeat.com's FREE daily email newsletter.