Dropbox Completes New Secured Credit Agreement; Announces $1.2B Stock Repurchase Program

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BofA Securities Comments on Dropbox (DBX) Buyback

December 11, 2024 12:10 PM EST

BofA Securities analyst Mike Funk reiterated an Underperform rating and $28.00 price target on Dropbox (NASDAQ: DBX)

The analyst comments "Today, Dropbox (DBX) announced the authorization of a new share buyback program for the purchase of an additional $1.2bn (adding to the $519mn... More