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CNBC's Deirdre Bosa joins 'Power Lunch' with Dropbox CEO Drew Houston to discuss the company launching new AI tools.
Dropbox displays strong free cash flow but faces slowing growth, evident from the 8.7% YoY revenue growth in Q1 2023. Positioned as a potential value stock, Dropbox grapples with maintaining growth amid fierce competition and a slowing core product.
The consensus price target hints at a 25.6% upside potential for Dropbox (DBX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Some stocks have bounced on AI news, but are we sure they'll create value?
Dropbox, Inc. (NASDAQ:DBX ) 51st Annual J.P. Morgan Global Technology, Media and Communications Conference May 22, 2023 4:30 PM ET Company Participants Tim Regan - CFO Conference Call Participants Mark Murphy - J.P.
While the high interest rate and impending recession are negatives for the outlook, there are a few opportunities in the very broad-based Internet - Services industry.
Fintel reports that on May 9, 2023, Goldman Sachs maintained coverage of Dropbox Inc – (NASDAQ:DBX) with a Neutral recommendation.
The consensus price target hints at a 30.6% upside potential for Dropbox (DBX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
CNBC's Deirdre Bosa sits down with Dropbox co-founder and CEO Drew Houston to discuss the company's earnings, recent layoffs and incorporating artificial intelligence into the company's platform.
CNBC's Deirdre Bosa and Dropbox Co-Founder and CEO Drew Houston join 'The Exchange' to discuss integrating A.I., A.I. and human collaboration, and improving efficiency with new technologies.