Dropbox Stock Forecast, Price & News

Dropbox's stock was trading at $16.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, DBX shares have increased by 25.2% and is now trading at $20.23.
View which stocks have been most impacted by COVID-19.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Dropbox or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Dropbox a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year 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, February 18th 2021.
View our earnings forecast for Dropbox.

Dropbox, Inc. (NASDAQ:DBX) posted its quarterly earnings data on Thursday, November, 5th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. The business had revenue of $487.40 million for the quarter, compared to the consensus estimate of $483.64 million. Dropbox had a return on equity of 15.02% and a net margin of 4.47%. The business's revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share.
View Dropbox's earnings history.

10 equities research analysts have issued 1-year target prices for Dropbox's shares. Their forecasts range from $22.00 to $35.00. On average, they anticipate Dropbox's stock price to reach $28.38 in the next twelve months. This suggests a possible upside of 40.3% from the stock's current price.
View analysts' price targets for Dropbox.

Dropbox saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 23,960,000 shares, an increase of 17.7% from the October 31st total of 20,360,000 shares. Based on an average daily trading volume, of 5,300,000 shares, the short-interest ratio is currently 4.5 days.
View Dropbox's Short Interest.

Some companies that are related to Dropbox include Cadence Design Systems (CDNS), Okta (OKTA), Atlassian (TEAM), Datadog (DDOG), ANSYS (ANSS), Splunk (SPLK), Paycom Software (PAYC), Slack Technologies (WORK), Cloudflare (NET), Coupa Software (COUP), Take-Two Interactive Software (TTWO), SS&C Technologies (SSNC), HubSpot (HUBS), ZoomInfo Technologies (ZI) and Check Point Software Technologies (CHKP).
View all 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 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.93%), Ninety One UK Ltd (2.48%), First Trust Advisors LP (1.90%), State Street Corp (1.21%), Epoch Investment Partners Inc. (0.94%) and Thrivent Financial for Lutherans (0.73%). 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 Arrowstreet Capital Limited Partnership, J. Goldman & Co LP, Point72 Asset Management L.P., AQR Capital Management LLC, Prudential PLC, Skandinaviska Enskilda Banken AB publ, Los Angeles Capital Management & Equity Research Inc., and BNP Paribas Arbitrage SA. 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.

DBX stock was bought by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, BlackRock Inc., Natixis, UBS Asset Management Americas Inc., Wells Fargo & Company MN, Robeco Institutional Asset Management B.V., AXA S.A., and Sirios Capital Management L P.
View insider buying and selling activity for Dropbox.

Shares of DBX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of DBX stock can currently be purchased for approximately $20.23.

Dropbox has a market capitalization of $8.37 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]