Dropbox (DBX) Stock Price, News & Analysis

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 1 sell rating, 4 hold ratings and 3 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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8 brokers have issued twelve-month price targets for Dropbox's stock. Their DBX share price targets range from $22.00 to $35.00. On average, they expect the company's share price to reach $29.14 in the next year. This suggests a possible upside of 5.1% from the stock's current price.
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Dropbox's stock was trading at $22.38 at the start of the year. Since then, DBX shares have increased by 23.9% and is now trading at $27.73.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
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Dropbox, Inc. (NASDAQ:DBX) announced its quarterly earnings results on Thursday, November, 2nd. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.08. The business earned $633 million during the quarter, compared to the consensus estimate of $627.66 million. Dropbox had a negative trailing twelve-month return on equity of 101.75% and a net margin of 22.50%.

ETFs with the largest weight of Dropbox (NASDAQ:DBX) stock in their portfolio include Global X Cloud Computing ETF (CLOU), Roundhill S&P Dividend Monarchs ETF (KNGS), ERShares Entrepreneur ETF (ENTR), iShares Virtual Work and Life Multisector ETF (IWFH), Direxion Moonshot Innovators ETF (MOON), Simplify Market Neutral Equity Long/Short ETF (EQLS), Wedbush ETFMG Global Cloud Technology ETF (IVES) and Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO).

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 initial public offering 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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Ameriprise Financial Inc. (5.80%), Jacobs Levy Equity Management Inc. (1.28%), Bank of New York Mellon Corp (0.90%), Charles Schwab Investment Management Inc. (0.83%), Wedge Capital Management L L P NC (0.78%) and Robeco Institutional Asset Management B.V. (0.65%). Insiders that own company stock include 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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