Dropbox - DBX Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DBX shares.
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5 Wall Street analysts have issued 12 month price objectives for Dropbox's shares. Their DBX share price forecasts range from $24.00 to $34.00. On average, they predict the company's stock price to reach $28.83 in the next year. This suggests a possible upside of 39.2% from the stock's current price.
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Dropbox's stock was trading at $24.54 at the beginning of 2022. Since then, DBX stock has decreased by 15.6% and is now trading at $20.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our DBX earnings forecast.

Dropbox, Inc. (NASDAQ:DBX) posted its earnings results on Thursday, August, 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by $0.01. The business had revenue of $572.70 million for the quarter, compared to analyst estimates of $571.27 million. Dropbox had a net margin of 15.19% and a negative trailing twelve-month return on equity of 94.26%. Dropbox's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS.

Dropbox issued an update on its third quarter 2022 earnings guidance on Friday, September, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $584.00 million-$587.00 million, compared to the consensus revenue estimate of $589.25 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."

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 $20.72.

Dropbox (NASDAQ:DBX) has a market capitalization of $7.78 billion and generates $2.16 billion in revenue each year. The company earns $335.80 million in net income (profit) each year or $0.89 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.