Keybanc Maintains Overweight on Dropbox, Raises Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Thomas Blakey has maintained an Overweight rating on Dropbox (NASDAQ:DBX) and increased the price target from $32 to $37, indicating a positive outlook on the company's stock.
January 19, 2024 | 2:57 pm
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Keybanc analyst Thomas Blakey reaffirmed an Overweight rating on Dropbox and raised the price target to $37, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a positive outlook on the stock, which can lead to increased investor confidence and potential short-term price appreciation. The Overweight rating reaffirms the analyst's belief that the stock will outperform the average return of the stocks the analyst covers.
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