YahooSeptember 24, 2026 at 7:25 AM NYLast Month
Dropbox Stock Falls on Downgrade as Price Prematurely Reflects AI Growth, Says Analyst
A Wall Street firm warned that Dropbox stock price has risen faster than its actual business performance. Shares of Dropbox fell 5.7% to $32.28 after receiving a downgrade from Citi. Analyst Steven Enders downgraded the stock to Sell from Neutral with a $29 price target, saying the current valuation reflects future artificial-intelligence growth that Dropbox has yet to prove.
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