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Dropbox Stock Price, News & Analysis (NASDAQ:DBX)

$28.18
+0.10 (+0.36%)
(As of 11/30/2023 ET)
Compare
Today's Range
$27.82
$28.43
50-Day Range
$25.77
$28.53
52-Week Range
$18.71
$28.69
Volume
8.08 million shs
Average Volume
3.46 million shs
Market Capitalization
$9.74 billion
P/E Ratio
17.72
Dividend Yield
N/A
Price Target
$29.14

Dropbox MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
3.4% Upside
$29.14 Price Target
Short Interest
Bearish
8.27% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
1.74mentions of Dropbox in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$991,165 Sold Last Quarter
Proj. Earnings Growth
4.39%
From $1.14 to $1.19 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Computer And Technology Sector

416th out of 602 stocks

Prepackaged Software Industry

126th out of 200 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

Upwork underscores the strength of the AI gig economy (DBX)
Upwork has been pursuing its goal of being the world's preeminent destination for artificial intelligence (AI) related talent and freelancers
Zoom Video Communications: A tech phoenix ready to rise (DBX)
Zoom Video Communications had a solid quarter, outperforming the analysts and raising guidance above the target range; all it needs is a catalyst to rise again
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Monday.com rocked earnings like it's the weekend (DBX)
Business collaboration software-as-a-service (SaaS) developer monday.com Ltd. had its sixth consecutive earnings blowout. Learn more.
Here is Why Dropbox (DBX) is a Must-Buy Stock Right Now
Dropbox Inc Class A
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
Dropbox, Inc. (DBX) Q3 2023 Earnings Call Transcript
Dropbox: The Rule Of 40 Holds Here
Dropbox 3Q earnings top estimates as paid users grow
Dropbox: Q3 Earnings Snapshot
Dropbox Announces Fiscal 2023 Third Quarter Results
Dropbox Earnings Top Estimates; DBX Stock Rises
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
11/30/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/15/2024

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
$29.14
High Stock Price Target
$35.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+3.9%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$553.20 million
Pretax Margin
8.26%

Debt

Sales & Book Value

Annual Sales
$2.32 billion
Cash Flow
$1.43 per share
Book Value
($1.01) per share

Miscellaneous

Free Float
256,622,000
Market Cap
$9.70 billion
Optionable
Optionable
Beta
0.86
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DBX Stock Analysis - Frequently Asked Questions

Should I buy or sell Dropbox stock right now?

8 Wall Street 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 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?

8 brokerages have issued twelve-month target prices 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 3.4% 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 2023?

Dropbox's stock was trading at $22.38 at the beginning of 2023. Since then, DBX shares have increased by 25.9% and is now trading at $28.18.
View the best growth stocks for 2023 here
.

When is Dropbox's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our DBX earnings forecast
.

How were Dropbox's earnings last quarter?

Dropbox, Inc. (NASDAQ:DBX) posted its 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 had revenue of $633 million for 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%.

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 a price of $16.00-$18.00 per share. Goldman Sachs, J.P. Morgan, Deutsche Bank Securities, Allen & Company and BofA Merrill Lynch served 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 institutional and retail 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:DBX) was last updated on 11/30/2023 by MarketBeat.com Staff

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