Dropbox (DBX) Stock Price, News & Analysis

$23.59
+0.10 (+0.43%)
(As of 04:29 PM ET)
Today's Range
$23.36
$23.74
50-Day Range
$22.76
$24.53
52-Week Range
$19.55
$33.43
Volume
2.37 million shs
Average Volume
3.84 million shs
Market Capitalization
$8.11 billion
P/E Ratio
17.87
Dividend Yield
N/A
Price Target
$29.78

Dropbox MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
26.2% 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
0.61mentions of Dropbox in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$4.45 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.

4.97 out of 5 stars

Computer And Technology Sector

9th out of 596 stocks

Prepackaged Software Industry

2nd 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

Biden replacement revealed?
A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.
Dropbox (DBX) to Release Earnings on Thursday
Biden replacement revealed?
A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.
RBC Capital Sticks to Its Buy Rating for Dropbox (DBX)
Canterbury Tollgate 2023 Investor Letter (Year End)
Dropbox, Inc. (DBX)
Bear of the Day: Dropbox, Inc. (DBX)
Dropbox: Too Late For A Successful Turnaround
Dropbox Inc CFO Timothy Regan Sells 9,905 Shares
Peering Into Dropbox's Recent Short Interest
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Today
5/02/2024
Next Earnings (Confirmed)
5/09/2024
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
+26.8%
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
$1.82 per share
Book Value
($0.49) per share

Miscellaneous

Free Float
253,172,000
Market Cap
$8.08 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 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 analysts have issued 1 year 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 26.2% 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 2024. Since then, DBX stock has decreased by 20.0% and is now trading at $23.59.
View the best growth stocks for 2024 here
.

Are investors shorting Dropbox?

Dropbox saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 19,210,000 shares, a decline of 9.2% from the March 31st total of 21,150,000 shares. Based on an average daily volume of 4,100,000 shares, the days-to-cover ratio is currently 4.7 days. Approximately 7.6% of the company's shares are sold short.
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 9th 2024.
View our DBX earnings forecast
.

How can I listen to Dropbox's earnings call?

Dropbox will be holding an earnings conference call on Thursday, May 9th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by $0.01. The firm had revenue of $635 million for the quarter, compared to analysts' expectations 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 updated its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share 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 a variety of retail and institutional investors. Top institutional investors include Nordea Investment Management AB (0.62%), Mirae Asset Global Investments Co. Ltd. (0.33%), Principal Financial Group Inc. (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.17%), Meritage Portfolio Management (0.09%) and Retirement Systems of Alabama (0.09%). 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 5/2/2024 by MarketBeat.com Staff

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