Citigroup Downgrades Dropbox to Sell, Lowers Price Target to $29
Citigroup analyst Steven Enders downgrades Dropbox (NASDAQ:DBX) from Neutral to Sell and lowers the price target from $33 to $29.
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Dropbox (NASDAQ:DBX) held its second-quarter earnings conference call on Thursday. Below is the complete transcript from the call. This transcript is brought to you by Benzinga APIs. For real-time access to our entire
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Citigroup analyst Steven Enders downgrades Dropbox (NASDAQ:DBX) from Neutral to Sell and lowers the price target from $33 to $29.
Dropbox says nearly 5,000 accounts were compromised via a Lenovo ID integration, prompting tighter security measures and an ongoing probe.