Dropbox (DBX) Now Covered by Bank of America

Dropbox Inc. logo

Canaccord Genuity now has a $36.0000 target price per share on shares of Dropbox Inc (DBX). Jefferies has "Hold" rating and $3100 target. Piper Jaffray also issued estimates for Dropbox's Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.23 EPS, Q1 2019 earnings at $0.06 EPS, Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.34 EPS.

DBX has been the topic of several other research reports.

4/17/2018-JMP Securities initiated coverage with a Outperform rating. They set a hold rating and a $31.00 target price on the stock. Finally, Bank of America started coverage on shares of Dropbox in a research report on Tuesday, April 17th. They issued a $22.00 price target on the stock. The stock has "Buy" rating by DA Davidson on Wednesday, March 21. The company was initiated on Tuesday, April 17 by J.P. Morgan. They set a neutral rating and a $27.00 price target on the stock.

Among 11 analysts covering Dropbox Inc (DBX), 8 have Buy rating, 0 Sell and 3 Hold.

Shares in the cloud computing storage company traded up almost 4% on Wednesday, and analysts said they expect Dropbox to keep up that momentum while exceeding Wall Street's targets in several key growth areas.

More news: Niantic wants to build AR maps with data from Pokemon Go players

Shares of Dropbox closed Thursday at $32.00, with a consensus analyst price target of $33.15 and a post-IPO range of $27.75 to $34.83. Dropbox, Inc. (DBX) has 0.00% since May 11, 2017 and is. The consensus estimates call for $0.04 in EPS on $324.88 million in revenue for the quarter and $0.20 in EPS on $1.33 billion in revenue for the year.

Revenue of $316 million came in ahead of the $309 million in sales that analysts were expecting for the online storage company. As a result, load factor was 81.4%, 0.3 percentage points lower than in the same period a year ago.

In related news, insider Arash Ferdowsi sold 2,333,333 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $20.07, for a total transaction of $46,829,993.31. Institutional investors and hedge funds own 0.02% of the company's stock.

Wall Street has high hopes for Dropbox heading into its first quarter - and first ever - earnings report as a public company on Thursday. More interesting news about Dropbox, Inc. Baillie Gifford & Co. purchased a new stake in shares of Dropbox during the first quarter worth approximately $68,311,000. Pendal Group Ltd acquired a new stake in Dropbox during the first quarter worth about $295,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Dropbox during the first quarter worth approximately $24,775,000. Dropbox Inc was founded in 2007 and is headquartered in San Francisco, California. The company was formerly known as Evenflow, Inc and changed its name to Dropbox, Inc in October 2009.

Related News:

  • IShares Russell 2000 ETF (IWM) Rises 0.45% for May 10

    IShares Russell 2000 ETF (IWM) Rises 0.45% for May 10

    When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements.
    Six in Pennsylvania sick from shell egg salmonella outbreak

    Six in Pennsylvania sick from shell egg salmonella outbreak

    People began getting sick last November and illnesses that occurred after March 23 might not yet be reported, the CDC said. Eggs in the recall possess the plant number P-1065 printed on the carton as well as a pack date between 011 and 102.

    Magellan Midstream Partners LP (MMP) Shareholder Alps Advisors INC Decreased Its Stake

    RBC Capital Markets maintained Magellan Midstream Partners, L.P. (NYSE:MMP) on Wednesday, November 4 with "Outperform" rating. Diversified Investment Strategies Llc holds 1.96% of its portfolio in Tile Shop Holdings, Inc . for 225,725 shares.
  • The funeral of Stephen Hawking invited time travelers

    The funeral of Stephen Hawking invited time travelers

    At least 1,000 people plus time travelers from the future have a chance to attend Stephen Hawking's memorial service. This memorial service isn't the first time Hawking has been linked with time travelers.
    Golden Boy's Diaz: Lomachenko Hasn't Fought Boxer Like Linares

    Golden Boy's Diaz: Lomachenko Hasn't Fought Boxer Like Linares

    Lomachenko's last four opponents have quit between rounds, but Linares is confident that he's up to the challenge. A lot of people think [highly] about him, but he's never fought with a boxer like me.

    Iran nuclear deal: France condemns U.S. move to re-impose sanctions

    The development represents the most extensive military exchange ever between the two adversaries. And if that happens, it could be potentially destabilizing for the entire world.
  • USA  and UAE sign pact to resolve airline competition claims

    USA and UAE sign pact to resolve airline competition claims

    The State Department wanted to address concerns raised by the USA carriers and ensure a level playing field, the official said. The disclosures could help USA carriers make the case that the airline is potentially getting unfair government subsidies.
    Grammar schools receive £50m boost

    Grammar schools receive £50m boost

    If all of the 163 grammar schools in England were given an equal share of the money, they'd receive around £300,000 each. Grammars that want funding will have lay out their plans to boost the number of disadvantaged pupils they admit.
    Final donation for man whose blood helped save 2.4 million babies

    Final donation for man whose blood helped save 2.4 million babies

    Doctors had already extended the age limit for blood donations for him, and they're cutting him off now to protect his health. If a mother lacks a D antigen, she is Rh-negative, and this can create a problem if the fetus has the D antigen in its blood.
  • Players Championship 2018 Leaderboard

    Players Championship 2018 Leaderboard

    Lee was at 204, a score that would have led The Players in all but three of the years since it moved to May in 2007. Danny Lee was leading the B-Flight with a bogey-free round, but only two birdies on the par 5s on the back nine.
    Fear for democracy after top Philippine judge and government critic removed

    Fear for democracy after top Philippine judge and government critic removed

    Sereno has denied any wrongdoing, and her spokesman said she would appeal the decision. Her predecessor, Renato Corona , was impeached by the House in 2011.
    Karnataka Elections 2018: Political leaders cast their votes

    Karnataka Elections 2018: Political leaders cast their votes

    Out of the 224 seats, 36 of them are reserved for Scheduled Castes (SCs), while 15 of them are for Scheduled Tribes (Sts). He also dismissed the BJP's allegations that the Congress misused government machinering during the assembly polls.


Most liked

Kashmiri people roughed up in Delhi
Alleging "constant harassment", she complained: "So many people kept assaulting us and making videos, but nobody came to help". When his three sisters intervened on hearing the commotion, they were beaten up with sticks, he alleged.

Rihanna's wedding night advice for Meghan Markle and Prince Harry
On her father's side, genealogists have traced her ancestry back to king Robert I of Scotland, who reigned from 1306 to 1329. I remember a loving, caring, fantastic girl who had a great family growing up and I know you're still that person inside.

Prince Charles says royal wedding will be 'a very special day'
The visit was their final engagement in France before setting off for Greece and the next leg of their five-day tour. "It's going to be a very special day for everybody".

Petra Kvitova downs Kiki Bertens to win third Madrid Open title
The key moment came when Bertens appeared to swing the momentum in her favor by pulling back a break in the third set. But Pliskova gave the Romanian no chance, breaking her serve four times and hitting 20 winners.

Gas Prices Go Up Following Trump Decision On Nuclear Deal
Hong Kong's Hang Seng index added 0.5 percent to 30,552.57 while the Shanghai Composite Index dipped 0.1 percent to 3,159.22. S. investment bank Jefferies said in a note it expects Iranian crude oil exports to start falling in the next few months.

Il 12 giugno a Singapore summit Usa-Corea
Trump assicura che "entrambi cercheremo di renderlo un momento davvero speciale per la pace nel mondo". Il vertice tra i due laeder dovrebbe tenersi a Singapore a giugno.

Cabot Oil & Gas (COG) Downgraded by Citigroup
As took short look on profitability, the firm profit margin which was recorded 15.50%, and operating margin was noted at 41.00%. This may include reviewing some foreign markets or some new sectors that were previously not included in the stock portfolio.

USAF C-130 returns without U.S. diplomat involved in Pakistani's death
Although Colonel Joseph is not on the ECL, his name has been blacklisted by the ministry, barring him to fly overseas . However, a first information report (FIR) of the incident was registered with Kohsar Police Station.

Active Volume Stock: Ultra Petroleum Corp. (UPL)
Information in this release is fact checked and produced by competent editors of Nasdaq Journal; however, human error can exist . A performance measure used to estimate the efficiency of an investment or to compare the ability of some different investments.

Liam flushes Cheryl out in live loo chat
Cheryl was spotted a day after her long-awaited return to Cannes, where she stunned in a slinky sheer number on the red carpet. Her appearance on the French Riviera comes after she was left red-faced by Liam Payne in an embarrassing interview yesterday.

Abbrea Capital LLC Has $718000 Position in General Electric (GE)
Its 1-Week Volatility now stands at 1.95%, while its Month Volatility is 2.81%. 84 funds opened positions while 112 raised stakes. Bristol-Myers Squibb Company (NYSE:BMY) stock slipped -$0.12 lower during the regular trading session on Friday, hitting $51.33.

De Villiers and Kohli for Bangalore in IPL
As one would expect, de Villiers too came up with delightful shots, collecting four boundaries and six sixes in total. Despite Delhi scoring a challenging 181 for four wickets, Bengaluru won the match by making 187 runs in 19 overs.

How To Turn On "Remind Me To Take A Break" On YouTube?
If you want to choose the delivery time for the digests in the settings , then head to Settings Notifications Scheduled Digest . If users chose to try this feature, they can continue to watch videos, but will get reminders to take some time off.

'The Expanse' Canceled by Syfy After 3 Seasons
Fortunately, for fans of The Expanse , the journey for the science fiction series may not be over. At present, the only way to keep up with Season 3 of The Expanse is with a cable subscription.

Rod Wood Talks Matt Patricia Sexual Assault Allegation, Says Lions Followed Law
Patriots coach Bill Belichick praised Patricia's character and integrity in a statement on Thursday. "Matt's always been a good friend of mine", McDaniels said.