NASDAQ:DBXDropbox Stock Price, Forecast & News

Dropbox's stock was trading at $16.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DBX stock has increased by 40.7% and is now trading at $22.74. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 2 sell ratings, 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Dropbox.

Dropbox is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Dropbox.

Dropbox Inc (NASDAQ:DBX) issued its earnings results on Thursday, May, 7th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.02) by $0.19. The business earned $455 million during the quarter, compared to analysts' expectations of $451.27 million. Dropbox had a positive return on equity of 1.98% and a negative net margin of 0.33%. The company's revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. View Dropbox's earnings history.

13 brokers have issued 12-month price targets for Dropbox's shares. Their forecasts range from $19.00 to $35.00. On average, they anticipate Dropbox's stock price to reach $27.50 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price. View analysts' price targets for Dropbox.

Press coverage about DBX stock has trended somewhat negative on Thursday, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Dropbox earned a news impact score of -1.6 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news about Dropbox.

Some companies that are related to Dropbox include Veeva Systems (VEEV), Docusign (DOCU), Twilio (TWLO), Splunk (SPLK), Synopsys (SNPS), Cadence Design Systems (CDNS), Okta (OKTA), Datadog (DDOG), ANSYS (ANSS), Atlassian (TEAM), Crowdstrike (CRWD), Coupa Software (COUP), Paycom Software (PAYC), Citrix Systems (CTXS) and Check Point Software Technologies (CHKP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dropbox investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Netflix (NFLX), Walt Disney (DIS), Square (SQ), salesforce.com (CRM), Cisco Systems (CSCO) and Tesla (TSLA).

(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.

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

Dropbox's stock is owned by a variety of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.06%). Company insiders that own Dropbox stock include Ajay Vashee, Andrew Houston, Arash Ferdowsi, Bart Volkmer, Condoleezza Rice, Dennis Woodside, Donald W Blair, Lisa M Campbell, Quentin Clark, Robert J Mylod Jr, Timothy Regan and Yamini Rangan. View institutional ownership trends for Dropbox.

DBX stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity for Dropbox.

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

One share of DBX stock can currently be purchased for approximately $22.74.

Dropbox has a market capitalization of $9.40 billion and generates $1.66 billion in revenue each year. Dropbox employs 2,801 workers across the globe.

The official website for Dropbox is www.dropbox.com.

Dropbox's mailing address is 1800 OWENS STREET, SAN FRANCISCO CA, 94158. The company can be reached via phone at 415-857-6800 or via email at [email protected]