Citigroup Maintains Neutral on Dropbox, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders has maintained a Neutral rating on Dropbox (NASDAQ:DBX) but has lowered the price target from $31 to $27.
March 22, 2024 | 1:49 pm
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NEGATIVE IMPACT
Citigroup has maintained its Neutral rating on Dropbox but reduced the price target from $31 to $27.
The reduction in the price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Dropbox's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100