S&P 500   5,248.49
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Stock market today: World shares are mostly higher after S&P 500 sets another record
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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024

Dropbox (DBX) Stock Price, News & Analysis

$24.44
-0.01 (-0.04%)
(As of 03/27/2024 ET)
Today's Range
$24.19
$24.60
50-Day Range
$23.26
$33.16
52-Week Range
$19.55
$33.43
Volume
3.75 million shs
Average Volume
4.68 million shs
Market Capitalization
$8.41 billion
P/E Ratio
18.52
Dividend Yield
N/A
Price Target
$29.78

Dropbox MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
21.8% Upside
$29.78 Price Target
Short Interest
Bearish
7.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.41mentions of Dropbox in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$4.25 M Sold Last Quarter
Proj. Earnings Growth
15.79%
From $1.14 to $1.32 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.

4.60 out of 5 stars

Computer And Technology Sector

74th out of 588 stocks

Prepackaged Software Industry

22nd out of 198 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

Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
DBX May 3rd Options Begin Trading
Citigroup Lowers Dropbox (NASDAQ:DBX) Price Target to $27.00
Dropbox, Inc. (NASDAQ:DBX) Insider Sells $169,076.78 in Stock
Dropbox CFO sells $72k in company shares
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
DBX May 2024 23.000 put
DBX Mar 2024 29.000 call
DBX Mar 2024 21.000 put
DBX Mar 2024 23.500 put
DBX Apr 2024 22.000 put
DBX Quantitative Stock Analysis
DBX Mar 2024 23.500 call
DBX Mar 2024 21.000 call
DBX Oct 2024 22.000 put
DBX Oct 2024 23.000 call
DBX Mar 2024 30.000 call
DBX Mar 2024 24.500 call
DBX Apr 2024 21.000 call
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Today
3/28/2024
Next Earnings (Estimated)
5/02/2024
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
+21.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$453.60 million
Pretax Margin
22.16%

Debt

Sales & Book Value

Annual Sales
$2.50 billion
Cash Flow
$1.79 per share
Book Value
($0.49) per share

Miscellaneous

Free Float
255,305,000
Market Cap
$8.41 billion
Optionable
Optionable
Beta
0.71
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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 objectives for Dropbox's shares. Their DBX share price targets range from $22.00 to $37.00. On average, they anticipate the company's stock price to reach $29.78 in the next year. This suggests a possible upside of 21.8% 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 at the start of the year. Since then, DBX shares have decreased by 17.1% and is now trading at $24.44.
View the best growth stocks for 2024 here
.

Are investors shorting Dropbox?

Dropbox saw a increase in short interest in March. As of March 15th, there was short interest totaling 19,680,000 shares, an increase of 29.6% from the February 29th total of 15,190,000 shares. Based on an average trading volume of 3,980,000 shares, the days-to-cover ratio is presently 4.9 days. Currently, 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, May 2nd 2024.
View our DBX earnings forecast
.

How were Dropbox's earnings last quarter?

Dropbox, Inc. (NASDAQ:DBX) released its quarterly earnings data on Thursday, February, 15th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.01. The business had revenue of $635 million for the quarter, compared to analyst estimates of $630.77 million. Dropbox had a negative trailing twelve-month return on equity of 120.82% and a net margin of 18.13%.

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

Dropbox issued an update on its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share (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.

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 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.

Who are Dropbox's major shareholders?

Dropbox's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.89%), Vanguard Group Inc. (7.93%), First Trust Advisors LP (1.17%), LSV Asset Management (0.96%), Charles Schwab Investment Management Inc. (0.86%) and Wedge Capital Management L L P NC (0.78%). 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.
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 3/28/2024 by MarketBeat.com Staff

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