Citi raised the firm’s price target on Dropbox (DBX) to $32 from $30 and keeps a Neutral rating on the shares. The company reported a solid Q1, the analyst tells investors in a research note. However, Citi remains cautious on Dropbox’s near-term monetization potential.
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Read More on DBX:
- Dropbox: Balancing Strong Performance with Caution Amid Macroeconomic Risks
- Dropbox’s Mixed Financial Signals Lead to Hold Rating Amid Strong Margins and Strategic Concerns
- Dropbox Reports First Quarter 2025 Financial Results
- Dropbox ups FY25 revenue view to $2.48B-$2.49B from $2.47B-$2.48B
- Dropbox sees Q2 revenue $616M-$619M, consensus $618.33M