Dropbox Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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.
View analyst ratings for Dropbox or view top-rated stocks.

Wall Street analysts have given Dropbox a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Dropbox wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Dropbox saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 19,650,000 shares, an increase of 15.3% from the December 31st total of 17,040,000 shares. Based on an average trading volume of 7,190,000 shares, the short-interest ratio is currently 2.7 days.
View Dropbox's Short Interest.

Dropbox is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Dropbox.

Dropbox, Inc. (NASDAQ:DBX) issued its quarterly earnings data on Wednesday, February, 17th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.04. Dropbox had a trailing twelve-month return on equity of 15.02% and a net margin of 4.47%.
View Dropbox's earnings history.

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 shares have increased by 38.7% and is now trading at $22.42.
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Dropbox issued an update on its first quarter 2021 After-Hours earnings guidance on Thursday, February, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $504-506 million, compared to the consensus revenue estimate of $503.69 million.

6 analysts have issued 1 year price objectives for Dropbox's stock. Their forecasts range from $22.00 to $30.00. On average, they anticipate Dropbox's share price to reach $26.40 in the next twelve months. This suggests a possible upside of 17.8% from the stock's current price.
View analysts' price targets for Dropbox or view top-rated stocks among Wall Street analysts.

Some companies that are related to Dropbox include Synopsys (SNPS), Okta (OKTA), Atlassian (TEAM), Unity Software (U), ANSYS (ANSS), Datadog (DDOG), Slack Technologies (WORK), Splunk (SPLK), HubSpot (HUBS), Coupa Software (COUP), Paycom Software (PAYC), Cloudflare (NET), MongoDB (MDB), Take-Two Interactive Software (TTWO) and ZoomInfo Technologies (ZI).
View all of DBX's competitors.

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 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 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.

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

Dropbox's stock is owned by many different retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (4.13%), BlackRock Inc. (3.84%), First Trust Advisors LP (1.78%), Morgan Stanley (1.55%), Epoch Investment Partners Inc. (0.89%) and Ardevora Asset Management LLP (0.70%). Company insiders that own Dropbox stock include Ajay Vashee, Andrew Houston, Arash Ferdowsi, Bart Volkmer, Condoleezza Rice, 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 sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Victory Capital Management Inc., Wells Fargo & Company MN, Sirios Capital Management L P, UBS Asset Management Americas Inc., JPMorgan Chase & Co., State of Wisconsin Investment Board, and First Trust Advisors LP. Company insiders that have sold Dropbox company stock in the last year include Ajay Vashee, Arash Ferdowsi, Bart Volkmer, Donald W Blair, Lisa M Campbell, 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 Morgan Stanley, Norges Bank, Los Angeles Capital Management LLC, Panagora Asset Management Inc., Indaba Capital Management L.P., Korea Investment CORP, Washington Harbour Partners LP, and Nordea Investment Management AB.
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 $22.42.

Dropbox has a market capitalization of $9.30 billion and generates $1.66 billion in revenue each year.

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]