Dropbox Stock Forecast, Price & 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 shares have increased by 50.1% and is now trading at $24.26.
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11 Wall Street research 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 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Dropbox stock.
View analyst ratings for Dropbox or view MarketBeat's top 5 stock picks.

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Dropbox is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Dropbox.

Dropbox, Inc. (NASDAQ:DBX) posted its quarterly earnings results on Thursday, November, 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm earned $487.40 million during the quarter, compared to analyst estimates of $483.64 million. Dropbox had a net margin of 4.47% and a trailing twelve-month return on equity of 15.02%. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS.
View Dropbox's earnings history.

11 analysts have issued 12 month target prices for Dropbox's stock. Their forecasts range from $22.00 to $35.00. On average, they anticipate Dropbox's share price to reach $28.38 in the next year. This suggests a possible upside of 17.0% from the stock's current price.
View analysts' price targets for Dropbox or view Wall Street analyst' top-rated stocks.

Some companies that are related to Dropbox include Synopsys (SNPS), Cadence Design Systems (CDNS), Okta (OKTA), ANSYS (ANSS), Datadog (DDOG), Atlassian (TEAM), Splunk (SPLK), Slack Technologies (WORK), Cloudflare (NET), Take-Two Interactive Software (TTWO), Paycom Software (PAYC), Coupa Software (COUP), MongoDB (MDB), ZoomInfo Technologies (ZI) and Check Point Software Technologies (CHKP).
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 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 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 a number of retail and institutional investors. Top institutional investors include Ardevora Asset Management LLP (0.70%), Kirr Marbach & Co. LLC IN (0.06%), Windmill Hill Asset Management Ltd (0.03%), OLD Dominion Capital Management Inc. (0.03%), Tributary Capital Management LLC (0.02%) and Strs Ohio (0.02%). 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 Kirr Marbach & Co. LLC IN, Tributary Capital Management LLC, Sowell Financial Services LLC, Exane Derivatives, and New York State Teachers Retirement System. 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 acquired by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Strs Ohio, Windmill Hill Asset Management Ltd, Legacy Advisors LLC, IFP Advisors Inc, Clarius Group LLC, Brave Asset Management Inc., and IBM Retirement Fund.
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.

One share of DBX stock can currently be purchased for approximately $24.26.

Dropbox has a market capitalization of $10.03 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]