Dropbox Shares Surge On Debut, Next Up Spotify in IPO Rush

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    Super Harley

    Dropbox shared debuted on NASDAQ Friday as stock…



    Another big day

    $DBX AT CLOSE 4:00 PM EDT 03/26/18
    $30.45 USD 1.97 6.92%

    Super Harley

    Dropbox $DBX underwriters post-IPO quiet period ended.

    The shares closed down almost 3.3% at $29.02 on Monday inside a post-IPO trading range of $27.75 to $34.83. 2

    Today Dropbox Inc

    NASDAQ: DBX · April 17, 11:22 AM EDT
    29.11 ▲ 0.050 (0.17%).

    Super Harley

    Last week, Nomura issued a Reduce rating and a $21 price target.

    “Dropbox was great at getting free customers to sign up but not so great at getting those unpaid subscribers to convert to premium products with ongoing subscription service contracts.”

    Super Harley

    Analyst Calls Post Lock Up

    Canaccord Genuity Buy rating and $35 price target.
    JPMorgan Overweight rating and assigned a $32 price target.
    JMP Securities started as Market Outperform and a $35 target.
    KeyBanc Capital Markets Overweight rating and a $40 target price.
    Macquarie issued an Outperform rating and $34 target price
    Piper Jaffray an Overweight rating with $40 price target.

    RBC Capital Markets Sector Perform with a $33 target.
    Goldman Sachs Neutral rating and $27 price target.
    Jefferies started coverage with a Hold rating and $31 target.



    Dropbox Inc. $DBX 3.87% to report first-quarter earnings after the market closes Thursday first report since going public in March.
    EARNINGS FORECAST: Adjusted earnings of 5 cents a share. Revenue $309.2 million, up from $247.9 million a year earlier.

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