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Dropbox (DBX) Stock Price, News & Analysis

$23.26
-0.60 (-2.51%)
(As of 02/22/2024 ET)
Today's Range
$23.24
$24.46
50-Day Range
$23.86
$33.16
52-Week Range
$18.71
$33.43
Volume
7.37 million shs
Average Volume
3.87 million shs
Market Capitalization
$8.04 billion
P/E Ratio
17.62
Dividend Yield
N/A
Price Target
$30.11

Dropbox MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
29.5% Upside
$30.11 Price Target
Short Interest
Healthy
6.74% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.13mentions of Dropbox in the last 14 days
Based on 42 Articles This Week
Insider Trading
Selling Shares
$477,145 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.78 out of 5 stars

Computer And Technology Sector

108th out of 585 stocks

Prepackaged Software Industry

24th out of 195 stocks


DBX stock logo

About Dropbox Stock (NASDAQ:DBX)

Dropbox, Inc. provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

DBX Stock Price History

DBX Stock News Headlines

Avoid These Tech Stocks: Dropbox, Roku, and More
The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
Dropbox: Stagnation Sparks Competitive Concerns
Dropbox, Inc. (DBX) Q4 2023 Earnings Call Transcript
Dropbox: Time To Take Caution (Rating Downgrade)
DBX Mar 2024 35.000 call
DBX Mar 2024 27.000 put
Shocking Bank Secret of the Ultra-Rich
A 229-year-old banking secret is behind some of the wealthiest, most powerful dynasties in American history –  here's how it could help you in 2024.
Short Interest in Dropbox, Inc. (NASDAQ:DBX) Decreases By 6.0%
Dropbox (NASDAQ:DBX) Shares Gap Down to $32.54
Bank of America Downgrades Dropbox (NASDAQ:DBX) to Underperform
Dropbox (NASDAQ:DBX) Downgraded by The Goldman Sachs Group
JMP Securities Lowers Dropbox (NASDAQ:DBX) to Market Perform
Dropbox (NASDAQ:DBX) Cut to Neutral at JPMorgan Chase & Co.
Dropbox Full Year 2023 Earnings: EPS Beats Expectations
DBX Feb 2024 29.000 call
DBX Feb 2024 31.000 put
Dropbox just downgraded at Goldman Sachs, here's why
Why Dropbox (DBX) Stock Is Down Today
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
2/22/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:DBX
Fax
N/A
Employees
3,118
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.11
High Stock Price Target
$37.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+29.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$453.60 million
Pretax Margin
22.16%

Debt

Sales & Book Value

Annual Sales
$2.50 billion
Cash Flow
$1.67 per share
Book Value
($0.48) per share

Miscellaneous

Free Float
256,622,000
Market Cap
$8.04 billion
Optionable
Optionable
Beta
0.77
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DBX Stock Analysis - Frequently Asked Questions

Should I buy or sell Dropbox stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 3 sell ratings, 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.
View DBX analyst ratings
or view top-rated stocks.

What is Dropbox's stock price target for 2024?

10 Wall Street research analysts have issued 1 year price objectives for Dropbox's shares. Their DBX share price targets range from $22.00 to $37.00. On average, they anticipate the company's share price to reach $30.11 in the next year. This suggests a possible upside of 29.5% from the stock's current price.
View analysts price targets for DBX
or view top-rated stocks among Wall Street analysts.

How have DBX shares performed in 2024?

Dropbox's stock was trading at $29.48 on January 1st, 2024. Since then, DBX shares have decreased by 21.1% and is now trading at $23.26.
View the best growth stocks for 2024 here
.

Are investors shorting Dropbox?

Dropbox saw a drop in short interest during the month of January. As of January 31st, there was short interest totaling 17,140,000 shares, a drop of 6.0% from the January 15th total of 18,240,000 shares. Based on an average trading volume of 2,930,000 shares, the short-interest ratio is currently 5.8 days. Currently, 6.7% of the company's shares are short sold.
View Dropbox's Short Interest
.

When is Dropbox's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our DBX earnings forecast
.

How were Dropbox's earnings last quarter?

Dropbox, Inc. (NASDAQ:DBX) posted its earnings results on Thursday, November, 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The business earned $550.20 million during the quarter, compared to the consensus estimate of $544.72 million. Dropbox had a net margin of 18.13% and a negative trailing twelve-month return on equity of 120.82%. The firm's revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share.

What guidance has Dropbox issued on next quarter's earnings?

Dropbox updated its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $627.0 million-$630.0 million, compared to the consensus revenue estimate of $631.4 million.

What other stocks do shareholders of Dropbox own?

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).

When did Dropbox IPO?

(DBX) raised $612 million in an initial public offering (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.

Who are Dropbox's major shareholders?

Dropbox's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.89%), First Trust Advisors LP (1.17%), LSV Asset Management (0.96%), Charles Schwab Investment Management Inc. (0.86%), Wedge Capital Management L L P NC (0.78%) and Pacer Advisors Inc. (0.75%). 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.
View institutional ownership trends
.

How do I buy shares of Dropbox?

Shares of DBX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:DBX) was last updated on 2/22/2024 by MarketBeat.com Staff