NASDAQ:DBXDropbox Stock Price, Forecast & News

Dropbox's stock was trading at $16.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DBX stock has increased by 21.7% and is now trading at $19.66.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 1 sell rating, 2 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Dropbox is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Dropbox.

Dropbox Inc (NASDAQ:DBX) posted its earnings results on Thursday, August, 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. The business had revenue of $467.40 million for the quarter, compared to analyst estimates of $465.41 million. Dropbox had a return on equity of 9.38% and a net margin of 1.85%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share.
View Dropbox's earnings history.

13 brokers have issued 1 year price targets for Dropbox's shares. Their forecasts range from $22.00 to $35.00. On average, they anticipate Dropbox's share price to reach $27.64 in the next twelve months. This suggests a possible upside of 40.6% from the stock's current price.
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News stories about DBX stock have been trending negative on Tuesday, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Dropbox earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.
View the latest news about Dropbox.

Some companies that are related to Dropbox include Splunk (SPLK), Cadence Design Systems (CDNS), Synopsys (SNPS), ANSYS (ANSS), Okta (OKTA), Datadog (DDOG), Crowdstrike (CRWD), Atlassian (TEAM), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Coupa Software (COUP), Check Point Software Technologies (CHKP), Paycom Software (PAYC), Citrix Systems (CTXS), SS&C Technologies (SSNC) and Symantec (SYMC).
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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), Netflix (NFLX), Cisco Systems (CSCO), Square (SQ), salesforce.com (CRM), Walt Disney (DIS) and Intel (INTC).

(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 variety of institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (1.88%), Victory Capital Management Inc. (0.65%), Ardevora Asset Management LLP (0.51%), Bank of Nova Scotia (0.35%), Greenhouse Funds LLLP (0.29%) and Sumitomo Mitsui Trust Holdings Inc. (0.29%). 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 sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Prudential PLC, SCP Investment LP, Smith Asset Management Group LP, Sycomore Asset Management, GAM Holding AG, Hershey Trust Co., and Zurcher Kantonalbank Zurich Cantonalbank. Company insiders that have sold Dropbox company stock in the last year include Ajay Vashee, Arash Ferdowsi, Bart Volkmer, Condoleezza Rice, Donald W Blair, Lisa M Campbell, Quentin Clark, and Timothy Regan.
View insider buying and selling activity for Dropbox.

DBX stock was acquired by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, First Trust Advisors LP, Bank of Nova Scotia, Greenhouse Funds LLLP, Sumitomo Mitsui Trust Holdings Inc., Robeco Institutional Asset Management B.V., Healthcare of Ontario Pension Plan Trust Fund, and Raymond James Financial Services Advisors 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 $19.66.

Dropbox has a market capitalization of $8.12 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]