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DBX

Dropbox

08:40
10/02/18
10/02
08:40
10/02/18
08:40

Nomura upgrades Dropbox to Neutral on more balanced risk/reward

Nomura Instinet Christopher Eberle upgraded Dropbox to Neutral from Reduce and raised his price target for the shares to $25 from $21. The analyst sees a more balanced risk/reward at current share levels. Longer term, he continues to believe Dropbox will struggle to transform into an enterprise offering. However, over the near term, with Dropbox still converting several hundred thousand users to paying subscribers, the analyst sees a lack of downside catalysts for the shares.

  • 13

    Nov

DBX Dropbox

08/10/18
JMPS
08/10/18
NO CHANGE
Target $37
JMPS
Outperform
Dropbox price target raised to $37 from $35 at JMP Securities
JMP Securities analyst Greg McDowell increased his price target on Dropbox shares to $37 from $35 after the company reported Q2 results that included revenue, earnings and billings that all topped consensus forecasts along with its "highest ARPU ever." Dropbox also added more net new paying users than expected, said McDowell, who raised his 2018, 2019 and 2020 EPS estimates following the report. He maintains an Outperform rating on Dropbox shares.
08/10/18
08/10/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. AMD (AMD) upgraded to Neutral from Sell at Goldman Sachs with analyst Toshiya Hari saying Intel's (INTC) struggles with 10nm process technology make it increasingly harder to argue for a bear thesis, even following the recent rally in the shares. 2. RBS (RBS) upgraded to Buy from Neutral at UBS with analyst Jason Napier saying the bank's capital strength is being undervalued by the market. 3. Dropbox (DBX) upgraded to Outperform from Sector Perform at RBC Capital with analyst Mark Mahaney citing "strong" Q2 results and above consensus guidance. 4. Sanofi (SNY) upgraded to Buy from Neutral at Citi. 5. Floor & Decor (FND) upgraded to Outperform from Market Perform at Wells Fargo with analyst Zachary Fadem saying he believes current share levels represent a "compelling long-term entry point for one of the best growth stories in all of retail." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/27/18
DADA
08/27/18
NO CHANGE
Target $36
DADA
Buy
Dropbox pullback is a 'buying opportunity', says DA Davidson
DA Davidson analyst Rishi Jaluria kept his Buy rating and $36 price target on Dropbox, saying that Friday's 5% decline in the stock price as a result of lock-up expiration, along with a 21% slide since its Q2 earnings, is an "attractive buying opportunity". Jaluria notes that the recent software IPOs have tended to recover their prices quickly and anticipates no further selling from co-founders Drew Houston and Arash Ferdowsi. The analyst is also positive on the "underlying business momentum" of Dropbox, including its strong margins, development of new features, and ARPU growth.
10/02/18
NOMU
10/02/18
UPGRADE
NOMU
Neutral
Dropbox upgraded to Neutral from Reduce at Nomura Instinet

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