Dropbox (DBX) Tops Q1 EPS by 3c

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Dropbox (DBX) 'favorably positioned' to introduce AI functionality, says Goldman Sachs

May 8, 2023 8:55 AM EDT

Dropbox (NASDAQ: DBX) was raised to Neutral from Sell by Goldman Sachs analyst Kash Rangan, who also raised the firm's price target on the stock to $25 from $22 per share in a note Monday.

The analyst's upgrade follows the company's recent results. He told investors in a note that... More