Dropbox Stock Forecast, Price & News

6 Wall Street 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 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Dropbox stock. 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 analyst ratings for Dropbox or view top-rated stocks.

Wall Street analysts have given Dropbox a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Dropbox wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Dropbox is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Dropbox.

Dropbox, Inc. (NASDAQ:DBX) announced its quarterly earnings data on Thursday, May, 6th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.20. The company earned $511.60 million during the quarter, compared to analyst estimates of $505.17 million. Dropbox had a net margin of 4.47% and a trailing twelve-month return on equity of 15.02%. The firm's revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 EPS.
View Dropbox's earnings history.

Dropbox's stock was trading at $16.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DBX stock has increased by 52.8% and is now trading at $24.70.
View which stocks have been most impacted by COVID-19.

Dropbox issued an update on its FY 2021 earnings guidance on Friday, May, 7th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $2.12 billion-$2.13 billion, compared to the consensus revenue estimate of $2.11 billion.

6 brokers have issued 12 month price targets for Dropbox's stock. Their forecasts range from $22.00 to $28.00. On average, they expect Dropbox's stock price to reach $25.50 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
View analysts' price targets for Dropbox or view top-rated stocks among Wall Street analysts.

Some companies that are related to Dropbox include Electronic Arts (EA), Veeva Systems (VEEV), DocuSign (DOCU), Synopsys (SNPS), Palantir Technologies (PLTR), Cadence Design Systems (CDNS), Okta (OKTA), Atlassian (TEAM), ANSYS (ANSS), Unity Software (U), HubSpot (HUBS), Slack Technologies (WORK), Datadog (DDOG), Cloudflare (NET) and Paycom Software (PAYC).
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 $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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (3.96%), Ardevora Asset Management LLP (0.57%), Los Angeles Capital Management LLC (0.39%), Victory Capital Management Inc. (0.30%), Swiss National Bank (0.29%) and Robeco Institutional Asset Management B.V. (0.27%). 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, 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 Ardevora Asset Management LLP, Victory Capital Management Inc., Sumitomo Mitsui Trust Holdings Inc., Los Angeles Capital Management LLC, NN Investment Partners Holdings N.V., Alberta Investment Management Corp, Strs Ohio, and Commerce Bank. Company insiders that have sold Dropbox company stock in the last year include Ajay Vashee, Bart Volkmer, Lisa M Campbell, and Timothy Regan.
View insider buying and selling activity for Dropbox or view top insider-selling stocks.

DBX stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Robeco Institutional Asset Management B.V., Harvey Capital Management Inc., Investment Management Associates Inc. ADV, Bowling Portfolio Management LLC, Envestnet Asset Management Inc., Zurcher Kantonalbank Zurich Cantonalbank , and Centric Wealth Management. Company insiders that have bought Dropbox stock in the last two years include Andrew Houston, and Robert J Mylod, Jr.
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.
Compare Top Brokerages Here.

One share of DBX stock can currently be purchased for approximately $24.70.

Dropbox has a market capitalization of $10.24 billion and generates $1.66 billion in revenue each year.

Dropbox employs 2,760 workers across the globe.

The official website for Dropbox is www.dropbox.com.

Dropbox is headquartered at 1800 OWENS STREET, SAN FRANCISCO CA, 94158.

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]