Dropbox Inc Reaches Analyst Target Price
June 15, 2018 at 09:01 AM EDT
In recent trading, shares of Dropbox Inc (DBX) have crossed above the average analyst 12-month target price of $34.25, changing hands for $36.12/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..