Dropbox Stock Forecast, Price & News

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 shares have increased by 37.1% and is now trading at $22.16.
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11 Wall Street research 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 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Dropbox stock.
View analyst ratings for Dropbox or view MarketBeat's top 5 stock picks.

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1,448 employees have rated Dropbox CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Dropbox's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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) issued its earnings results on Thursday, November, 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. The company earned $487.40 million during the quarter, compared to analysts' expectations of $483.64 million. Dropbox had a net margin of 4.47% and a return on equity of 15.02%. Dropbox's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS.
View Dropbox's earnings history.

11 brokers have issued 1 year target prices for Dropbox's shares. Their forecasts range from $22.00 to $35.00. On average, they expect Dropbox's stock price to reach $28.38 in the next year. This suggests a possible upside of 28.0% from the stock's current price.
View analysts' price targets for Dropbox or view Wall Street analyst' top-rated stocks.

Some companies that are related to Dropbox include Okta (OKTA), ANSYS (ANSS), Datadog (DDOG), Atlassian (TEAM), Splunk (SPLK), Cloudflare (NET), Coupa Software (COUP), Slack Technologies (WORK), Paycom Software (PAYC), Take-Two Interactive Software (TTWO), MongoDB (MDB), Check Point Software Technologies (CHKP), HubSpot (HUBS), ZoomInfo Technologies (ZI) and SS&C Technologies (SSNC).
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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.com (CRM).

(DBX) raised $612 million in an initial public offering (IPO) 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 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 shareholders include Ardevora Asset Management LLP (0.70%), Kirr Marbach & Co. LLC IN (0.06%), Windmill Hill Asset Management Ltd (0.03%), Tributary Capital Management LLC (0.02%), Clarius Group LLC (0.01%) and DNB Asset Management AS (0.01%). 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 Kirr Marbach & Co. LLC IN, Tributary Capital Management LLC, and Sowell Financial Services LLC. 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 or view top insider-selling stocks.

DBX stock was acquired by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Windmill Hill Asset Management Ltd, Legacy Advisors LLC, Clarius Group LLC, Avondale Wealth Management, DNB Asset Management AS, International Assets Investment Management LLC, and IFM Investors Pty Ltd.
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.

One share of DBX stock can currently be purchased for approximately $22.16.

Dropbox has a market capitalization of $9.17 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]