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Dropbox (DBX) Stock Price, News & Analysis

$22.98
+0.06 (+0.26%)
(As of 12:32 PM ET)
Today's Range
$22.72
$22.99
50-Day Range
$22.92
$33.16
52-Week Range
$19.55
$33.43
Volume
907,016 shs
Average Volume
3.97 million shs
Market Capitalization
$7.90 billion
P/E Ratio
17.41
Dividend Yield
N/A
Price Target
$29.78

Dropbox MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
29.9% Upside
$29.78 Price Target
Short Interest
Bearish
8.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.90mentions of Dropbox in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$4.32 M Sold Last Quarter
Proj. Earnings Growth
15.79%
From $1.14 to $1.32 Per Share

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.

4.86 out of 5 stars

Computer And Technology Sector

25th out of 591 stocks

Prepackaged Software Industry

6th out of 202 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

He Is Giving Away Bitcoin
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
Bear of the Day: Dropbox, Inc. (DBX)
He Is Giving Away Bitcoin
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
Dropbox: Too Late For A Successful Turnaround
Dropbox Inc CFO Timothy Regan Sells 9,905 Shares
Peering Into Dropbox's Recent Short Interest
DBX May 10th Options Begin Trading
DBX May 3rd Options Begin Trading
Dropbox CFO sells $72k in company shares
DBX May 2024 23.000 put
DBX Mar 2024 29.000 call
DBX Mar 2024 21.000 put
DBX Mar 2024 23.500 put
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Today
4/16/2024
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
2,693
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.78
High Stock Price Target
$37.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+29.9%
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
$1.78 per share
Book Value
($0.49) per share

Miscellaneous

Free Float
253,172,000
Market Cap
$7.88 billion
Optionable
Optionable
Beta
0.71
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DBX Stock Analysis - Frequently Asked Questions

Should I buy or sell Dropbox stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued twelve-month price objectives for Dropbox's shares. Their DBX share price targets range from $22.00 to $37.00. On average, they predict the company's share price to reach $29.78 in the next year. This suggests a possible upside of 29.9% 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 22.3% and is now trading at $22.92.
View the best growth stocks for 2024 here
.

Are investors shorting Dropbox?

Dropbox saw a increase in short interest in March. As of March 31st, there was short interest totaling 21,150,000 shares, an increase of 7.5% from the March 15th total of 19,680,000 shares. Based on an average trading volume of 4,130,000 shares, the short-interest ratio is presently 5.1 days. Approximately 8.4% 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) issued its quarterly earnings results on Thursday, February, 15th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by $0.01. The company had revenue of $635 million for the quarter, compared to analysts' expectations of $630.77 million. Dropbox had a negative trailing twelve-month return on equity of 120.82% and a net margin of 18.13%.

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?

Dropbox (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 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 many different retail and institutional investors. Top institutional investors include West Coast Financial LLC (0.07%), Compass Wealth Management LLC (0.06%), FCF Advisors LLC (0.01%), Northwest Investment Counselors LLC (0.01%), Strategic Advocates LLC (0.01%) and Cooper Financial Group (0.00%). Insiders that own company stock include Andrew Houston, Bart Volkmer, David Henry Mack, Karen Peacock, Lisa M Campbell, Lisa M Campbell, 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 4/16/2024 by MarketBeat.com Staff

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