According to the current price, Dropbox is 63.89 away from the 52-week high. Shares of Dropbox were rising 3.5% Tuesday to $21.88. The high in the last 52 weeks of Dropbox stock was 31.35.
The analyst added that even though the company has not announced any share buyback plans beyond its remaining $1.1 billion share repurchase authorization, he expects Dropbox could “comfortably buy back an incremental 15% of shares over the next three years.”Įven though Funk has confidence in the future of Dropbox, he acknowledged that this is a competitive space, with other platform vendors including
Has a large existing user base, high revenue visibility, 30% free cash flow margin and the potential to return material capital to shareholders.”įunk gave the stock a 12-month price target of $34. Isn’t a sexy, high growth, negative cash flow, next generation software stock with a valuation dependent on market development and out-year profitability,” Funk wrote. He wrote in a research note that the company has strong free cash flow generation driven by a substantial user base, the potential for incremental returns to shareholders, and a business model that wasn’t heavily affected by the pandemic. Link Other Dropbox Documents Sometimes, you want to link other documents when creating a new one. When you find the media you want, simply select Add to doc. You can also insert GIFs from Giphy and videos from YouTube. On Tuesday, Bank of America analyst Michael Funk gave several reasons for why he’s bullish on the stock. Dropbox Paper links directly to services such as Unsplash, which offers free stock photos.
0 kommentar(er)
