Dropbox (DBX) Stock Price, News & Analysis

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.
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10 Wall Street research analysts have issued twelve-month price objectives for Dropbox's stock. Their DBX share price targets range from $22.00 to $37.00. On average, they anticipate the company's share price to reach $29.78 in the next twelve months. This suggests a possible upside of 29.9% from the stock's current price.
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Dropbox's stock was trading at $29.48 at the beginning of 2024. Since then, DBX shares have decreased by 22.3% and is now trading at $22.92.
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Dropbox saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 21,150,000 shares, an increase of 7.5% from the March 15th total of 19,680,000 shares. Based on an average daily trading volume, of 4,130,000 shares, the short-interest ratio is presently 5.1 days. Approximately 8.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Dropbox, Inc. (NASDAQ:DBX) issued its quarterly earnings results on Thursday, February, 15th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by $0.01. The company earned $635 million during the quarter, compared to the consensus estimate of $630.77 million. Dropbox had a negative trailing twelve-month return on equity of 120.82% and a net margin of 18.13%.

ETFs with the largest weight of Dropbox (NASDAQ:DBX) stock in their portfolio include Global X Cloud Computing ETF (CLOU), ERShares Entrepreneurs ETF (ENTR), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Fidelity Cloud Computing ETF (FCLD), iShares Virtual Work and Life Multisector ETF (IWFH), Harbor Corporate Culture Leaders ETF (HAPY), WisdomTree Cloud Computing Fund (WCLD) and Amplify Global Cloud Technology ETF (IVES).

Dropbox updated its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $627.0 million-$630.0 million, compared to the consensus revenue estimate of $631.4 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).

Dropbox (DBX) raised $612 million in an 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 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's stock is owned by a number of institutional and retail investors. Top institutional shareholders include West Coast Financial LLC (0.07%), Compass Wealth Management LLC (0.06%), FCF Advisors LLC (0.01%), Northwest Investment Counselors LLC (0.01%), Strategic Advocates LLC (0.01%) and Cooper Financial Group (0.00%). Insiders that own company stock include Andrew Houston, Bart Volkmer, David Henry Mack, Karen Peacock, Lisa M Campbell, Lisa M Campbell, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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