Dropbox Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Dropbox stock. 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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Wall Street analysts have given Dropbox a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Dropbox wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Dropbox is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
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Dropbox, Inc. (NASDAQ:DBX) posted its quarterly earnings results on Thursday, May, 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.15 by $0.20. The business had revenue of $511.60 million for the quarter, compared to analysts' expectations of $505.17 million. Dropbox had a positive trailing twelve-month return on equity of 43.70% and a negative net margin of 12.59%. The business's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share.
View Dropbox's earnings history.

Dropbox's stock was trading at $16.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DBX stock has increased by 80.8% and is now trading at $29.21.
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Dropbox updated its FY 2021 earnings guidance on Friday, May, 28th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $2.12 billion-$2.13 billion, compared to the consensus revenue estimate of $2.11 billion.

5 Wall Street analysts have issued 1 year target prices for Dropbox's shares. Their forecasts range from $25.00 to $28.00. On average, they anticipate Dropbox's share price to reach $26.33 in the next year. This suggests that the stock has a possible downside of 9.8%.
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Some companies that are related to Dropbox include Veeva Systems (VEEV), Roblox (RBLX), Electronic Arts (EA), Synopsys (SNPS), Cadence Design Systems (CDNS), UiPath (PATH), Atlassian (TEAM), Datadog (DDOG), Cloudflare (NET), Okta (OKTA), ANSYS (ANSS), Unity Software (U), HubSpot (HUBS), Slack Technologies (WORK) and MongoDB (MDB).
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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), Square (SQ) and salesforce.com (CRM).

(DBX) raised $612 million in an 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.

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

Dropbox's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.96%), Ameriprise Financial Inc. (2.95%), Renaissance Technologies LLC (2.49%), Healthcare of Ontario Pension Plan Trust Fund (2.47%), Loomis Sayles & Co. L P (1.91%) and Geode Capital Management LLC (1.06%). Company insiders that own Dropbox stock include Ajay Vashee, Andrew Houston, Arash Ferdowsi, Bart Volkmer, Condoleezza Rice, Donald W Blair, Karen Peacock, Lisa M Campbell, Quentin Clark, Robert J Mylod, Jr, Timothy H Young and Timothy Regan.
View institutional ownership trends for Dropbox.

DBX stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Morgan Stanley, Price T Rowe Associates Inc. MD, Loomis Sayles & Co. L P, D. E. Shaw & Co. Inc., Ardevora Asset Management LLP, Ameriprise Financial Inc., and Victory Capital Management Inc.. Company insiders that have sold Dropbox company stock in the last year include Ajay Vashee, Bart Volkmer, Karen Peacock, Lisa M Campbell, Timothy H Young, and Timothy Regan.
View insider buying and selling activity for Dropbox or view top insider-selling stocks.

DBX stock was purchased by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Canada Pension Plan Investment Board, JPMorgan Chase & Co., MUFG Securities EMEA plc, Eaton Vance Management, BlackRock Inc., Geode Capital Management LLC, and Toronto Dominion Bank. Company insiders that have bought Dropbox stock in the last two years include Andrew Houston, and Robert J Mylod, Jr.
View insider buying and selling activity for Dropbox or or view top insider-buying stocks.

Shares of DBX 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 $29.21.

Dropbox has a market capitalization of $11.72 billion and generates $1.91 billion in revenue each year. The company earns $-256,300,000.00 in net income (profit) each year or $0.30 on an earnings per share basis.

Dropbox employs 2,760 workers across the globe.

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

Dropbox is headquartered at 1800 OWENS STREET, SAN FRANCISCO CA, 94158.

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]