Dropbox slides as UBS downgrades to Sell, citing worries over demand
Dropbox (NASDAQ:DBX) shares slid 1.7% in premarket trading on Thursday as UBS downgraded the cloud storage company to Sell from Neutral, citing worries over demand. “This is based on a view of negative demand signals from checks on Dropbox Dash, the new AI product, as well as continued pressure on the core FSS business,” UBS analyst Seth Gilbert wr...