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NASDAQ:DBX

Dropbox (DBX) Stock Forecast, Price & News

$24.00
+0.37 (+1.57%)
(As of 06/9/2023 ET)
Compare
Today's Range
$23.67
$24.35
50-Day Range
$19.62
$24.00
52-Week Range
$18.71
$24.99
Volume
4.15 million shs
Average Volume
3.30 million shs
Market Capitalization
$8.39 billion
P/E Ratio
15.69
Dividend Yield
N/A
Price Target
$26.86

Dropbox MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
11.9% Upside
$26.86 Price Target
Short Interest
Bearish
5.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.82mentions of Dropbox in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$4.08 M Sold Last Quarter
Proj. Earnings Growth
21.78%
From $1.01 to $1.23 Per Share

Overall MarketRank

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

2.41 out of 5 stars

Computer And Technology Sector

170th out of 598 stocks

Prepackaged Software Industry

39th out of 214 stocks


DBX stock logo

About Dropbox (NASDAQ:DBX) Stock

Dropbox, Inc. is a collaboration platform that's transforming the way people and teams work together. It offers the following products: Dropbox Basic, Dropbox Plus, Dropbox Professional, and Dropbox Business. The Dropbox Basic is the simple, powerful home for photos, videos, documents, and other files. Its users also get access to Dropbox Paper, a collaborative workspace that helps teams create and share early ideas, and work with any type of content, in one centralized place. The Dropbox Plus provides unrivaled sync along with 1 TB of space, powerful sharing features, and increased control. The Dropbox Professional allows independent workers to store, share, and track work from one place. The Dropbox Business is designed for small to enterprise level businesses, in which users get full visibility and control over how critical work files are accessed and shared while letting team members continue to use the products. The company was founded by Andrew W. Houston and Arash Ferdowsi in May 2007 and is headquartered in San Francisco, CA.

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DBX Stock News Headlines

monday.com Surges on Price and Volume after Blowout Results (DBX)
monday.com Ltd. (NASDAQ: MNDY) provides workflow collaboration and customer relationship management (CRM) software applications used by over 180,000 companies
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
What 8 Analyst Ratings Have To Say About Dropbox
A SaaS Stock Worth Another Look
Dropbox: Proving Its Clout
When Will Investors Stop Doubting Dropbox?
Don't Underestimate Dropbox
See More Headlines

DBX Price History

DBX Company Calendar

Last Earnings
5/04/2023
Today
6/09/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

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 Forecast
$26.86
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+11.9%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$553.20 million
Pretax Margin
7.86%

Debt

Sales & Book Value

Annual Sales
$2.32 billion
Cash Flow
$1.47 per share
Book Value
($0.89) per share

Miscellaneous

Free Float
259,523,000
Market Cap
$8.39 billion
Optionable
Optionable
Beta
0.83

Key Executives

  • Drew Houston
    Chairman & Chief Executive Officer
  • Timothy J. ReganTimothy J. Regan
    Chief Financial Officer
  • Deborah A. Dunnam
    Chief Commercial Officer
  • Melanie Collins
    Chief Peoples Officer
  • Bart E. VolkmerBart E. Volkmer
    Chief Legal Officer













DBX Stock - Frequently Asked Questions

Should I buy or sell Dropbox stock right now?

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.
View DBX analyst ratings
or view top-rated stocks.

What is Dropbox's stock price forecast for 2023?

6 brokers have issued 1-year price targets for Dropbox's stock. Their DBX share price forecasts range from $20.00 to $34.00. On average, they expect the company's stock price to reach $26.86 in the next twelve months. This suggests a possible upside of 11.9% 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 2023?

Dropbox's stock was trading at $22.38 at the beginning of the year. Since then, DBX stock has increased by 7.2% and is now trading at $24.00.
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, August 3rd 2023.
View our DBX earnings forecast
.

How were Dropbox's earnings last quarter?

Dropbox, Inc. (NASDAQ:DBX) released its earnings results on Thursday, May, 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.08. The company earned $611.10 million during the quarter, compared to analyst estimates of $601.40 million. Dropbox had a negative trailing twelve-month return on equity of 68.16% and a net margin of 22.86%.

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

Dropbox issued an update on its earnings guidance on Saturday, May, 6th. The company provided earnings per share 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.

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 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.

What is Dropbox's stock symbol?

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

Who are Dropbox's major shareholders?

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

What is Dropbox's stock price today?

One share of DBX stock can currently be purchased for approximately $24.00.

How much money does Dropbox make?

Dropbox (NASDAQ:DBX) has a market capitalization of $8.39 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.

How many employees does Dropbox have?

The company employs 3,118 workers across the globe.

How can I contact Dropbox?

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.

This page (NASDAQ:DBX) was last updated on 6/9/2023 by MarketBeat.com Staff

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