Credit Suisse Maintains Underperform on Dropbox, Raises Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Rich Hilliker maintains an 'Underperform' rating on Dropbox (NASDAQ:DBX) and raises the price target from $18 to $22.
August 04, 2023 | 3:27 pm
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NEGATIVE IMPACT
Despite the raised price target from $18 to $22, Credit Suisse maintains an 'Underperform' rating on Dropbox.
The 'Underperform' rating suggests that Credit Suisse expects Dropbox's stock to do worse than the market average. This could negatively impact the stock's price in the short term, despite the raised price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100