These Analysts Boost Their Forecasts On Dropbox After Strong Q2 Results
Portfolio Pulse from Lisa Levin
Dropbox, Inc. (NASDAQ:DBX) reported strong Q2 results, beating analyst consensus estimates for both earnings per share and sales. Following the announcement, Keybanc and JMP Securities raised their price targets on Dropbox. Dropbox shares gained 4.9% in pre-market trading.
August 04, 2023 | 3:09 pm
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Dropbox reported strong Q2 results, beating estimates. This led to raised price targets by Keybanc and JMP Securities, and a 4.9% gain in pre-market trading.
Dropbox's strong Q2 results exceeded analyst expectations, leading to increased confidence in the company's performance. This resulted in raised price targets by Keybanc and JMP Securities, indicating a positive outlook for the company. The news led to a 4.9% increase in Dropbox's share price in pre-market trading, suggesting a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100