Dropbox - DBX Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 12-month price objectives for Dropbox's shares. Their DBX share price forecasts range from $20.00 to $34.00. On average, they anticipate the company's share price to reach $26.43 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price.
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Dropbox's stock was trading at $22.38 at the beginning of the year. Since then, DBX shares have increased by 7.5% and is now trading at $24.06.
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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 will be holding an earnings conference call on Thursday, February 16th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Dropbox, Inc. (NASDAQ:DBX) announced its quarterly earnings results on Thursday, November, 4th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The firm earned $550.20 million during the quarter, compared to analysts' expectations 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 was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 earnings per share.

Dropbox updated its fourth quarter 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (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 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 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 a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.21%), AustralianSuper Pty Ltd (0.19%), DekaBank Deutsche Girozentrale (0.15%), New York State Common Retirement Fund (0.12%) and Greenwood Capital Associates LLC (0.12%). 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 $24.06.

Dropbox (NASDAQ:DBX) has a market capitalization of $8.73 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.