UBS analyst Rich Hilliker lowered the firm’s price target on Dropbox to $28 from $30 and keeps a Buy rating on the shares. Dropbox reported better-than-anticipated Q2 results, with revenue and EBIT margin exceeding the high end of guidance, the analyst tells investors in a research note. UBS is encouraged total paying users grew to 18.22M vs. 18.04M last year.
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