William Blair downgraded Dropbox to Market Perform from Outperform without a price target. The company has “lackluster” growth prospects for 2024 given a lapping of the Teams plan price increase and tough compares related to the inorganic revenue growth from FormSwift in 2023, the analyst tells investors in a research note. The firm sees “more than answers” regarding Dropbox shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DBX: