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Fly News Breaks for August 8, 2019
DBX
Aug 8, 2019 | 14:10 EDT
Jefferies analyst John DiFucci maintained a Buy rating and $32 price target on Dropbox ahead of the company's Q2 earnings results. The analyst expects a "largely in-line" quarter for the "best-of-breed" software company, and is expecting an update on recent initiatives including pricing increases and its new Plus plan. DiFucci believes the valuation is attractive at current levels considering Dropbox's attractive cash flow profile, and believes in the company's long term viability and the sustainability of its business model.