APPLE Big circle building editionSmart phones, some of them look pretty nice tbh.
However, something I read recently about cloud storage really interested me with apple.
Among other things obviously, like big stacks of cash.
Apple has a lot of money essentially.
Apple has a lot of talented people.
SF real estate is scary.
TA and chart description.
basically, we are under a short term trend break and have a lot of indicators pushing a top with a drastic overextension, so you might expect a possible rebound from all of that in alignment. Which you can then notice the gap at 154, and see how it can close that gap and essentially climb in a stable path to nearly 400 after creating some massive support at the 263 mark.
Excited to see how this one moves in price, Excited to see what apple comes out with in the future.
Good luck trading.
Guideline is to show the idea, try not to follow it, instead focus on the price targets and trends.
Cloudstorage
Dropbox Plummets Over 20% After Disappointing Guidance
Dropbox ( NASDAQ:DBX ) experienced a sharp decline in its stock price, plummeting more than 20% following its latest financial report and guidance. Several analysts have downgraded the cloud storage provider, citing concerns over its growth prospects and revenue outlook for 2024. The company's failure to meet revenue estimates has raised red flags among investors and analysts alike.
Analysis of Downgrades:
Bank of America Securities' Michael Funk downgraded Dropbox ( NASDAQ:DBX ) from Buy to Underperform, emphasizing that the bullish case for NASDAQ:DBX has run its course. He highlighted the company's disappointing results, guidance, and commentary, indicating a negative shift in its risk/reward profile. Funk's decision to slash the price target reflects his skepticism about Dropbox's future performance.
Goldman Sachs' Kash Rangan echoed similar sentiments, downgrading Dropbox's rating to Sell from Neutral. Rangan emphasized the need for a re-acceleration of growth, a robust small- and medium-sized business environment, and tangible proof points in artificial intelligence (AI). His decision to lower the price outlook underscores doubts about Dropbox's ability to meet investor expectations.
JMP Securities' Patrick Walravens expressed concerns about Dropbox's decline in annual recurring revenue and the number of paying users. He raised questions about the company's durability in the face of these challenges, prompting him to downgrade the rating from Market Outperform to Market Perform. Walravens' decision reflects broader uncertainties surrounding Dropbox's long-term viability.
Implications for Investors:
The significant decline in Dropbox's ( NASDAQ:DBX ) stock price highlights investor apprehensions about its growth trajectory and ability to deliver on revenue targets. The downgrades from prominent analysts signal a loss of confidence in the company's prospects, leading many investors to reassess their positions. With Dropbox shares only slightly in positive territory for the past year, the latest setback underscores the challenges facing the cloud storage provider.
Looking Ahead:
Dropbox ( NASDAQ:DBX ) now faces the daunting task of regaining investor trust and reigniting growth amid mounting concerns. The company must address underlying issues such as slowing revenue growth and dwindling user numbers while demonstrating a clear path forward. As competition in the cloud storage market intensifies, Dropbox ( NASDAQ:DBX ) must innovate and differentiate itself to maintain its relevance and appeal to investors.
Conclusion:
The steep decline in Dropbox's ( NASDAQ:DBX ) stock price following disappointing guidance underscores the challenges ahead for the cloud storage provider. Analyst downgrades reflect broader concerns about the company's growth prospects and ability to meet investor expectations. Dropbox ( NASDAQ:DBX ) now faces a critical juncture in its trajectory, requiring decisive action to regain investor confidence and chart a path toward sustainable growth in an increasingly competitive market landscape.