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  "documentTitle": "Dropbox, Inc. (DBX)",
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      "text": "“We view Dropbox as having no economic moat due to its lack of competitive advantage. While Dropbox boasts over 500 million active users and stores over 400 billion pieces of content, we do not believe that either of these create a network effect or produce significant switching costs for users.”",
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      "text": "Analysts are holding out aspirational upside price targets, that have failed to be met, and still have not reset expectations.",
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      "text": "Price Target: $26.92",
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      "text": "Analysts are holding out aspirational upside price targets, that have failed to be met, and still have not reset expectations. The award for most accurate analyst goes to Morningstar who has had a “Sell” rating. His comments about Dropbox having no moat or network effect are proving accurate.",
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      "text": "We view Dropbox as having no economic moat due to its lack of competitive advantage. While Dropbox boasts over 500 million active users and stores over 400 billion pieces of content, we do not believe that either of these create a network effect or produce significant switching costs for users. — Morningstar Analyst John Barrett, Feb 2019",
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