BUZZ - Citigroup downgraded Dropbox due to concerns about growth prospects, causing its stock price to drop afterwards.
路透社2026/09/24 11:26September 24 - ** Shares of cloud platform provider Dropbox (DBX.O) fell 5% in pre-market trading to $32.5
** Citi downgraded the stock from "neutral" to "sell"
** Citi stated that the recent share price increase has outpaced the company’s fundamental business progress and growth prospects
** Citi noted that although recent performance has stabilized, the company's core business still faces pressure and has not shown sustained growth
** Of nine brokerages, one has a "buy" rating, four have "hold" ratings, and four have "sell" or lower ratings; the median target price is $29—data compiled by London Stock Exchange Group (LSEG)
** As of the previous trading day's close, the stock had risen 23.1% year-to-date
(To assist non-native English speakers, Reuters automatically translates its reports into several other languages. Because automated translation may contain errors or lack the required context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely as a convenience for readers. Reuters accepts no responsibility for any damage or loss arising from the use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Swiss Franc remains near 16-month lows as rate hike odds lift US Dollar
Rapid rise in real interest rates, Goldman Sachs warns that 'systematic selling pressure' in US stocks is building at quarter-end
Goldman Sachs believes that the rapid rise in real interest rates has exerted more direct pressure on the US stock market, with rate-sensitive sectors such as small-cap and financial stocks being particularly affected. On the liquidity front, Goldman Sachs estimates that pension funds may sell around $3.3 billions in equities at the end of the month and quarter, and that CTAs may sell about $530 million worth of Russell 2000 index futures in the coming week. For the market, unless the issues of oil and interest rates are resolved, the AI narrative is "almost irrelevant."
USD/JPY falls below 157! The yen becomes the strongest G-10 currency, with the market betting on another rate hike by the central bank next month.
On Wednesday, the yen strengthened against the US dollar, with the USD/JPY rate falling below the 157 mark, as repeated warnings from the Japanese government regarding exchange rates and end-of-quarter capital flows provided support for the yen.
The scale of the compute power agreement between Anthropic and SpaceX has been revealed, reaching up to $84.5 billions, double the previously disclosed amount.
According to Anthropic’s IPO prospectus, the company has signed a computing power leasing agreement with SpaceX valued at $84.5 billion, far surpassing the previously disclosed $45 billion in SpaceX’s IPO documents. The agreement runs until 2029, with most terms cancellable within 90 days. At the same time, Anthropic’s total spending on AI infrastructure over the next decade is expected to be at least $518 billion.
Crypto prices
More
