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 analysts have issued 12-month price objectives for Dropbox's shares. Their DBX share price forecasts range from $20.00 to $34.00. On average, they expect the company's share price to reach $26.86 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price.
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Dropbox's stock was trading at $22.38 on January 1st, 2023. Since then, DBX shares have increased by 6.5% and is now trading at $23.84.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Dropbox, Inc. (NASDAQ:DBX) posted its quarterly earnings results on Thursday, May, 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.08. The firm had revenue of $611.10 million for the quarter, compared to analysts' expectations of $601.40 million. Dropbox had a net margin of 22.86% and a negative trailing twelve-month return on equity of 68.16%.

ETFs with the largest weight of Dropbox (NASDAQ:DBX) stock in their portfolio include UPHOLDINGS Compound Kings ETF (KNGS), Global X Cloud Computing ETF (CLOU), 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), WisdomTree Cloud Computing Fund (WCLD) and ERShares Entrepreneurs ETF (ENTR).

Dropbox updated its earnings guidance on Saturday, May, 6th. The company provided earnings per share (EPS) 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 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 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.

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

Dropbox's stock is owned by many different institutional and retail 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 $23.84.

Dropbox (NASDAQ:DBX) has a market capitalization of $8.34 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.