Dropbox (DBX) Stock Price, News & Analysis

$23.14
-0.18 (-0.77%)
(As of 05/9/2024 ET)
Today's Range
$23.04
$23.38
50-Day Range
$22.76
$24.53
52-Week Range
$21.27
$33.43
Volume
7.07 million shs
Average Volume
3.90 million shs
Market Capitalization
$7.96 billion
P/E Ratio
17.53
Dividend Yield
N/A
Price Target
$29.78

Dropbox MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
28.7% Upside
$29.78 Price Target
Short Interest
Healthy
7.61% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.21mentions of Dropbox in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$6.44 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.

4.96 out of 5 stars

Computer And Technology Sector

10th out of 593 stocks

Prepackaged Software Industry

4th out of 202 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

The Weight Loss Pill That Could Disrupt a $32 Billion Industry
A revolutionary new weight loss pill is about to send shockwaves through the plus-size clothing market. Analysts are calling it the "King Kong" of diet drugs after amazing clinical trial results.
The Weight Loss Pill That Could Disrupt a $32 Billion Industry
A revolutionary new weight loss pill is about to send shockwaves through the plus-size clothing market. Analysts are calling it the "King Kong" of diet drugs after amazing clinical trial results.
Dropbox: Attractive Forward Returns With Upside
Dropbox (DBX) to Release Earnings on Thursday
RBC Capital Sticks to Its Buy Rating for Dropbox (DBX)
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Today
5/10/2024
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
+28.7%
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
$1.77 per share
Book Value
($0.49) per share

Miscellaneous

Free Float
253,172,000
Market Cap
$7.96 billion
Optionable
Optionable
Beta
0.70
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DBX Stock Analysis - Frequently Asked Questions

Should I buy or sell Dropbox stock right now?

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

What is Dropbox's stock price target for 2024?

10 brokers have issued 12 month price targets for Dropbox's shares. 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 28.7% 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 beginning of the year. Since then, DBX shares have decreased by 21.5% and is now trading at $23.14.
View the best growth stocks for 2024 here
.

Are investors shorting Dropbox?

Dropbox saw a decrease in short interest in April. As of April 15th, there was short interest totaling 19,210,000 shares, a decrease of 9.2% from the March 31st total of 21,150,000 shares. Based on an average daily trading volume, of 4,100,000 shares, the days-to-cover ratio is presently 4.7 days. Approximately 7.6% of the shares of the stock are sold short.
View Dropbox's Short Interest
.

How were Dropbox's earnings last quarter?

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

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 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 (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.

Who are Dropbox's major shareholders?

Dropbox's stock is owned by many different institutional and retail investors. Top institutional shareholders include LSV Asset Management (1.00%), Nordea Investment Management AB (0.62%), Russell Investments Group Ltd. (0.57%), Mirae Asset Global Investments Co. Ltd. (0.33%), Principal Financial Group Inc. (0.28%) and Swiss National Bank (0.22%). 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 5/10/2024 by MarketBeat.com Staff

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