Dropbox - DBX Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 2 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.
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6 Wall Street analysts have issued twelve-month price objectives for Dropbox's shares. Their DBX share price forecasts range from $20.00 to $34.00. On average, they predict the company's stock price to reach $26.43 in the next year. This suggests a possible upside of 25.1% from the stock's current price.
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Dropbox's stock was trading at $22.38 at the beginning of 2023. Since then, DBX shares have decreased by 5.6% and is now trading at $21.13.
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Dropbox saw a increase in short interest during the month of 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 trading volume of 2,890,000 shares, the days-to-cover ratio is presently 5.5 days. Approximately 6.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our DBX earnings forecast.

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

ETFs with the largest weight of Dropbox (NASDAQ:DBX) stock in their portfolio include Global X Cloud Computing ETF (CLOU), UPHOLDINGS Compound Kings ETF (KNGS), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Wedbush ETFMG Global Cloud Technology ETF (IVES), iShares Virtual Work and Life Multisector ETF (IWFH), Fidelity Cloud Computing ETF (FCLD), WisdomTree Cloud Computing Fund (WCLD) and First Trust Dow Jones Internet Index Fund (FDN).

Dropbox issued an update on its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share (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.

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).

(DBX) raised $612 million in an IPO 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 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 many different institutional and retail investors. Top institutional shareholders 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.
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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.
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One share of DBX stock can currently be purchased for approximately $21.13.

Dropbox (NASDAQ:DBX) has a market capitalization of $7.56 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.

The company employs 3,118 workers across the globe.

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.