Dropbox Reaches Analyst Target Price
July 08, 2021 at 09:46 AM EDT
In recent trading, shares of Dropbox Inc (DBX) have crossed above the average analyst 12-month target price of $31.12, changing hands for $31.14/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..