Month: November 2020

November 11, 2020

Dropbox Lower as Earnings Draw Mixed Analyst Reaction

Dropbox DBX shares fell Friday as the file-hosting service’s fourth-quarter earnings report beat expectations but still drew mixed reactions from several analysts.  The stock recently traded at $23.77, down 2.5%. It has surged 27% over the past three months amid investor enthusiasm for enterprise-software companies. The Nasdaq Composite index has climbed 18% during that period. Citigroup rates the stock a buy with a price target of $30. […]