Free Trial

Dropbox (DBX) Stock Price, News & Analysis

$20.92
-0.78 (-3.59%)
(As of 05:30 PM ET)
Today's Range
$20.81
$21.74
50-Day Range
$21.33
$24.20
52-Week Range
$20.81
$33.43
Volume
4.51 million shs
Average Volume
4.20 million shs
Market Capitalization
$6.91 billion
P/E Ratio
13.85
Dividend Yield
N/A
Price Target
$29.78

Dropbox MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
42.8% Upside
$29.78 Price Target
Short Interest
Healthy
7.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.63mentions of Dropbox in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$4.85 M Sold Last Quarter
Proj. Earnings Growth
10.32%
From $1.26 to $1.39 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.61 out of 5 stars

Computer And Technology Sector

57th out of 587 stocks

Prepackaged Software Industry

20th out of 197 stocks

DBX stock logo

About Dropbox Stock (NASDAQ:DBX)

Dropbox, Inc. provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

DBX Stock Price History

DBX Stock News Headlines

DocuSign: Can AI Move the Needle in Fiscal 2025? (DBX)
DocuSign Inc. (NASDAQ: DOCU) provides electronic signature and contract lifecycle management (LCM) services. Shares hit highs of $314.70 in 2021 as business
Dropbox: Land-And-Expand Masterclass
RBC Capital Reaffirms Their Buy Rating on Dropbox (DBX)
DropBox delivers better-than-expected profitability for Q1
See More Headlines
Receive DBX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Dropbox and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/09/2024
Today
6/13/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:DBX
Fax
N/A
Employees
2,693
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.78
High Stock Price Target
$37.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+42.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$453.60 million
Pretax Margin
24.50%

Debt

Sales & Book Value

Annual Sales
$2.52 billion
Cash Flow
$1.76 per share
Book Value
($0.49) per share

Miscellaneous

Free Float
243,021,000
Market Cap
$6.91 billion
Optionable
Optionable
Beta
0.68
Beginners Guide To Retirement Stocks Cover

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

DBX Stock Analysis - Frequently Asked Questions

Should I buy or sell Dropbox stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
View DBX analyst ratings
or view top-rated stocks.

What is Dropbox's stock price target for 2024?

10 Wall Street research analysts have issued twelve-month price targets for Dropbox's shares. Their DBX share price targets range from $22.00 to $37.00. On average, they expect the company's share price to reach $29.78 in the next year. This suggests a possible upside of 42.8% from the stock's current price.
View analysts price targets for DBX
or view top-rated stocks among Wall Street analysts.

How have DBX shares performed in 2024?

Dropbox's stock was trading at $29.48 on January 1st, 2024. Since then, DBX shares have decreased by 29.3% and is now trading at $20.85.
View the best growth stocks for 2024 here
.

Are investors shorting Dropbox?

Dropbox saw a drop in short interest during the month of May. As of May 31st, there was short interest totaling 18,650,000 shares, a drop of 9.6% from the May 15th total of 20,640,000 shares. Based on an average daily trading volume, of 4,240,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 7.8% of the shares of the stock are short sold.
View Dropbox's Short Interest
.

When is Dropbox's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our DBX earnings forecast
.

How were Dropbox's earnings last quarter?

Dropbox, Inc. (NASDAQ:DBX) posted its earnings results on Thursday, May, 9th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.28 by $0.13. The business had revenue of $631.30 million for the quarter, compared to analyst estimates of $628.81 million. Dropbox had a net margin of 20.50% and a negative trailing twelve-month return on equity of 148.13%.

What guidance has Dropbox issued on next quarter's earnings?

Dropbox updated its second quarter 2024 earnings guidance on Friday, May, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $628.0 million-$631.0 million, compared to the consensus revenue estimate of $631.5 million.

What other stocks do shareholders of Dropbox own?

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).

When did Dropbox IPO?

Dropbox (DBX) raised $612 million in an initial public offering (IPO) 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 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.

Who are Dropbox's major shareholders?

Dropbox's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.96%), Jacobs Levy Equity Management Inc. (1.36%), LSV Asset Management (1.00%), Acadian Asset Management LLC (0.95%), Nordea Investment Management AB (0.62%) and Russell Investments Group Ltd. (0.57%). Insiders that own company stock include Andrew Houston, Bart Volkmer, Eric Cox, Karen Peacock, Lisa M Campbell, Timothy H Young, Timothy H Young and Timothy Regan.
View institutional ownership trends
.

How do I buy shares of Dropbox?

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

This page (NASDAQ:DBX) was last updated on 6/13/2024 by MarketBeat.com Staff

From Our Partners