Dropbox (DBX) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DBX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DBX, but not buy additional shares or sell existing shares.
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6 brokers have issued 1-year price targets for Dropbox's stock. Their DBX share price forecasts range from $20.00 to $34.00. On average, they expect the company's stock price to reach $26.86 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price.
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Dropbox's stock was trading at $22.38 at the beginning of the year. Since then, DBX stock has increased by 7.2% and is now trading at $24.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our DBX earnings forecast.

Dropbox, Inc. (NASDAQ:DBX) released its earnings results on Thursday, May, 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.08. The company earned $611.10 million during the quarter, compared to analyst estimates of $601.40 million. Dropbox had a negative trailing twelve-month return on equity of 68.16% and a net margin of 22.86%.

ETFs with the largest weight of Dropbox (NASDAQ:DBX) stock in their portfolio include Global X Cloud Computing ETF (CLOU), UPHOLDINGS Compound Kings ETF (KNGS), ERShares Entrepreneurs ETF (ENTR), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Wedbush ETFMG Global Cloud Technology ETF (IVES), iShares Virtual Work and Life Multisector ETF (IWFH), Fidelity Cloud Computing ETF (FCLD) and WisdomTree Cloud Computing Fund (WCLD).

Dropbox issued an update on its earnings guidance on Saturday, May, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.47 billion-$2.48 billion, compared to the consensus revenue estimate of $2.48 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dropbox investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Cisco Systems (CSCO), Intel (INTC), Block (SQ) and Salesforce (CRM).

(DBX) raised $612 million in an IPO on Friday, March 23rd 2018. The company issued 36,000,000 shares at $16.00-$18.00 per share. Goldman Sachs, J.P. Morgan, Deutsche Bank Securities, Allen & Company and BofA Merrill Lynch acted as the underwriters for the IPO and RBC Capital Markets, Jefferies, Macquarie Capital, Canaccord Genuity, JMP Securities, KeyBanc Capital Markets and Piper Jaffray were co-managers.

Dropbox trades on the NASDAQ under the ticker symbol "DBX."

Dropbox's stock is owned by many different retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (2.42%), Pictet Asset Management SA (1.85%), UBS Group AG (1.41%), Thrivent Financial for Lutherans (1.26%), Geode Capital Management LLC (1.11%) and First Trust Advisors LP (1.06%). Insiders that own company stock include Ajay Vashee, Andrew Houston, Bart Volkmer, David Henry Mack, Karen Peacock, Lisa M Campbell, Lisa M Campbell, Robert J Mylod, Jr, Timothy H Young, Timothy H Young and Timothy Regan.
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Shares of DBX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DBX stock can currently be purchased for approximately $24.00.

Dropbox (NASDAQ:DBX) has a market capitalization of $8.39 billion and generates $2.32 billion in revenue each year. The company earns $553.20 million in net income (profit) each year or $1.53 on an earnings per share basis.

The company employs 3,118 workers across the globe.

Dropbox's mailing address is 1800 OWENS STREET, SAN FRANCISCO CA, 94158. The official website for the company is www.dropbox.com. The company can be reached via phone at (415) 857-6800 or via email at ir@dropbox.com.