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NASDAQ:DBX

Dropbox - DBX Stock Forecast, Price & News

$20.96
-0.17 (-0.80%)
(As of 03/28/2023 05:23 PM ET)
Add
Compare
Today's Range
$20.76
$21.15
50-Day Range
$18.97
$24.34
52-Week Range
$18.71
$24.99
Volume
3.11 million shs
Average Volume
3.05 million shs
Market Capitalization
$7.50 billion
P/E Ratio
13.61
Dividend Yield
N/A
Price Target
$26.43

Dropbox MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
26.1% Upside
$26.43 Price Target
Short Interest
Bearish
5.98% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.16mentions of Dropbox in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$11.94 M Sold Last Quarter
Proj. Earnings Growth
26.74%
From $0.86 to $1.09 Per Share

Overall MarketRank

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

2.59 out of 5 stars

Computer And Technology Sector

136th out of 616 stocks

Prepackaged Software Industry

38th out of 213 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

Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Dropbox (DBX) Q4 Earnings and Revenues Top Estimates
Dropbox Announces Fourth Quarter and Fiscal 2022 Results
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Dropbox: Not Storing Yet
Dropbox Acquires FormSwift
Got 1,000? 2 Cheap Stocks to Buy Right Now
Dropping in on Dropbox Charts
Dropbox Announces Third Quarter Fiscal 2022 Results
Dropbox (DBX) Q3 Earnings and Revenues Top Estimates
Dropbox to Announce Third Quarter 2022 Earnings Results
See More Headlines
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DBX Company Calendar

Last Earnings
2/16/2023
Today
3/28/2023
Next Earnings (Estimated)
5/04/2023
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
$26.43
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+25.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$553.20 million
Pretax Margin
8.29%

Debt

Sales & Book Value

Annual Sales
$2.32 billion
Cash Flow
$1.43 per share
Book Value
($0.89) per share

Miscellaneous

Free Float
268,215,000
Market Cap
$7.56 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 analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1 year target prices for Dropbox's shares. Their DBX share price forecasts range from $20.00 to $34.00. On average, they anticipate the company's share price to reach $26.43 in the next twelve months. This suggests a possible upside of 26.8% 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 2023. Since then, DBX stock has decreased by 6.9% and is now trading at $20.84.
View the best growth stocks for 2023 here
.

Are investors shorting Dropbox?

Dropbox saw a increase in short interest in March. As of March 15th, there was short interest totaling 15,820,000 shares, an increase of 18.3% from the February 28th total of 13,370,000 shares. Based on an average daily volume of 2,890,000 shares, the days-to-cover ratio is currently 5.5 days. Approximately 6.0% of the shares of the stock are sold short.
View Dropbox's Short Interest
.

When is Dropbox's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our DBX earnings forecast
.

How were Dropbox's earnings last quarter?

Dropbox, Inc. (NASDAQ:DBX) released its quarterly earnings data on Thursday, February, 16th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by $0.03. The business earned $598.80 million during the quarter, compared to analysts' expectations of $593.80 million. Dropbox had a net margin of 23.80% and a negative trailing twelve-month return on equity of 65.25%.

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

Dropbox updated its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $600.00 million-$603.00 million, compared to the consensus revenue estimate of $590.03 million.

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 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.

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 investors include Renaissance Technologies LLC (2.22%), Geode Capital Management LLC (1.37%), Thrivent Financial for Lutherans (1.24%), First Trust Advisors LP (0.95%), Two Sigma Advisers LP (0.88%) and Charles Schwab Investment Management Inc. (0.75%). Insiders that own company stock include Ajay Vashee, Andrew Houston, Arash Ferdowsi, Bart Volkmer, David Henry Mack, Donald W Blair, 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 $20.84.

How much money does Dropbox make?

Dropbox (NASDAQ:DBX) has a market capitalization of $7.46 billion and generates $2.32 billion in revenue each year. The company earns $553.20 million in net income (profit) each year or $1.54 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 3/28/2023 by MarketBeat.com Staff