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Fly News Breaks for February 21, 2020
Feb 21, 2020 | 08:56 EDT
Canaccord analyst Richard Davis said Dropbox delivered solid results on just about every metric but admitted it is difficult to break momentum in software stocks in either direction. He hopes that could change as the company's fundamental execution exceeded his and almost all other analyst's expectations. Davis believes the shares are meaningfully undervalued and he reiterated his Buy rating and $30 price target on Dropbox shares.
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