Dropbox - DBX Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 4 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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7 brokers have issued 1-year price objectives for Dropbox's stock. Their DBX share price forecasts range from $20.00 to $34.00. On average, they predict the company's share price to reach $26.86 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price.
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Dropbox's stock was trading at $24.54 on January 1st, 2022. Since then, DBX stock has decreased by 9.6% and is now trading at $22.18.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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Dropbox, Inc. (NASDAQ:DBX) issued its quarterly earnings data on Thursday, November, 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $550.20 million for the quarter, compared to the consensus estimate of $544.72 million. Dropbox had a negative trailing twelve-month return on equity of 74.21% and a net margin of 15.25%. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share.

Dropbox issued an update on its fourth quarter 2022 earnings guidance on Friday, November, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $592.00 million-$595.00 million, compared to the consensus revenue estimate of $594.14 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 initial public offering 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 Vanguard Group Inc. (8.40%), Pictet Asset Management SA (2.81%), Renaissance Technologies LLC (2.34%), UBS Asset Management Americas Inc. (1.30%), Thrivent Financial for Lutherans (1.23%) and First Trust Advisors LP (1.12%). 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 $22.18.

Dropbox (NASDAQ:DBX) has a market capitalization of $8.05 billion and generates $2.16 billion in revenue each year. The company earns $335.80 million in net income (profit) each year or $0.93 on an earnings per share basis.

The company employs 2,667 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.