DROPBOX BREARISH OUTLOOK
Dropbox's revenue growth has been slowing down due to intense competition from larger cloud storage platforms like Google Drive, Microsoft OneDrive, and Apple iCloud. The company remains profitable but faces challenges in the market. It is exploring AI integration for its services. Analysts project continued deceleration in revenue growth, with expected sales growth of 7% in 2023 and 5% in 2024. Dropbox's stock is valued at $26.63 with a market cap of $9 billion, but investors may find more stable tech stocks with comparable valuations.
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