Dropbox Inc. (DBX) shares plummeted 5.50% in pre-market trading on Friday, extending recent losses for the cloud storage provider.
The sharp decline followed the company's release of fourth-quarter 2025 financial results, which showed a year-over-year decline in both earnings and revenue. Adjusted earnings per share came in at 68 cents, down from 73 cents in the same quarter last year, while revenue fell 1.1% to $636.2 million.
Adding to the negative sentiment, multiple Wall Street analysts cut their price targets on the stock. JP Morgan reduced its target to $25 from $29, while RBC lowered its target to $30 from $35. These downward revisions reflect concerns about the company's performance and outlook.
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