Dropbox Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Dropbox stock.
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5 Wall Street analysts have issued 12-month target prices for Dropbox's stock. Their DBX stock forecasts range from $25.00 to $38.00. On average, they predict Dropbox's share price to reach $30.75 in the next year. This suggests a possible upside of 35.9% from the stock's current price.
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Dropbox's stock was trading at $24.54 at the beginning of the year. Since then, DBX shares have decreased by 7.8% and is now trading at $22.62.
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Dropbox is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Dropbox, Inc. (NASDAQ:DBX) announced its earnings results on Thursday, May, 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm earned $562.40 million during the quarter, compared to the consensus estimate of $559.09 million. Dropbox had a negative trailing twelve-month return on equity of 146.35% and a net margin of 16.66%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share.
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Dropbox issued an update on its second quarter 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $568.00 million-$571.00 million, compared to the consensus revenue estimate of $568.23 million.

Some companies that are related to Dropbox include Veeva Systems (VEEV), Datadog (DDOG), Atlassian (TEAM), ANSYS (ANSS), Palantir Technologies (PLTR), MongoDB (MDB), Roblox (RBLX), Paycom Software (PAYC), Twilio (TWLO), Cloudflare (NET), HubSpot (HUBS), Check Point Software Technologies (CHKP), Take-Two Interactive Software (TTWO), Splunk (SPLK) and ZoomInfo Technologies (ZI).
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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 (CRM).

(DBX) raised $612 million in an initial public offering 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.14%), Baupost Group LLC MA (2.77%), Renaissance Technologies LLC (2.15%), First Trust Advisors LP (1.31%), Eaton Vance Management (0.98%) and Charles Schwab Investment Management Inc. (0.64%). Company insiders that own Dropbox stock include Ajay Vashee, Andrew Houston, Arash Ferdowsi, Bart Volkmer, Condoleezza Rice, David Henry Mack, Donald W Blair, Karen Peacock, Lisa M Campbell, Lisa M Campbell, Quentin Clark, Robert J Mylod, Jr, Timothy H Young, Timothy H Young and Timothy Regan.
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DBX stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, First Trust Advisors LP, Loomis Sayles & Co. L P, Skandinaviska Enskilda Banken AB publ , Worldquant Millennium Advisors LLC, Panagora Asset Management Inc., Group One Trading L.P., and Engineers Gate Manager LP. Company insiders that have sold Dropbox company stock in the last two years include Ajay Vashee, Bart Volkmer, David Henry Mack, Karen Peacock, Lisa M Campbell, Timothy H Young, and Timothy Regan.
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DBX stock was bought by a variety of institutional investors in the last quarter, including Baupost Group LLC MA, Great Lakes Advisors LLC, Sawgrass Asset Management LLC, Pacer Advisors Inc., Virginia Retirement Systems ET AL, Greenwood Capital Associates LLC, Mitsubishi UFJ Trust & Banking Corp, and PEAK6 Investments LLC.
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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 $22.62.

Dropbox (NASDAQ:DBX) has a market capitalization of $8.50 billion and generates $2.16 billion in revenue each year. The company earns $335.80 million in net income (profit) each year or $0.939990 on an earnings per share basis.

Dropbox employs 2,667 workers across the globe.

Dropbox's mailing address is 1800 OWENS STREET, SAN FRANCISCO CA, 94158. The official website for Dropbox is www.dropbox.com. The company can be reached via phone at (415) 857-6800 or via email at [email protected].