These Analysts Boost Their Forecasts On Dropbox After Strong Q2 Results

Dropbox, Inc. DBX reported upbeat results for its second quarter.

Dropbox reported quarterly earnings of 51 cents per share which beat the analyst consensus estimate of 45 cents. The company reported quarterly sales of $622.50 million, which beat the analyst consensus estimate of $613.64 million.

Dropbox shares gained 4.9% to $27.22 in pre-market trading.

These analysts made changes to their price targets on Dropbox following earnings announcement.

• Keybanc raised the price target on Dropbox from $32 to $35. Keybanc analyst Thomas Blakey maintained an Overweight rating.
• JMP Securities increased the price target on Dropbox from $30 to $32. JMP Securities analyst Patrick Walravens maintained an Outperform rating.

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