Dropbox (DBX) Stock Price, News & Analysis

$23.86
-0.16 (-0.67%)
(As of 05/15/2024 ET)
Today's Range
$23.70
$24.16
50-Day Range
$22.76
$24.53
52-Week Range
$21.72
$33.43
Volume
3.35 million shs
Average Volume
3.95 million shs
Market Capitalization
$8.21 billion
P/E Ratio
15.80
Dividend Yield
N/A
Price Target
$29.78

Dropbox MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
24.8% Upside
$29.78 Price Target
Short Interest
Bearish
8.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.76mentions of Dropbox in the last 14 days
Based on 27 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.

4.74 out of 5 stars

Computer And Technology Sector

58th out of 599 stocks

Prepackaged Software Industry

20th 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

Dropbox: Land-And-Expand Masterclass
RBC Capital Reaffirms Their Buy Rating on Dropbox (DBX)
DropBox delivers better-than-expected profitability for Q1
Dropbox: Attractive Forward Returns With Upside
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
5/15/2024
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
+24.8%
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
$2.50 billion
Cash Flow
$1.79 per share
Book Value
($0.81) per share

Miscellaneous

Free Float
253,172,000
Market Cap
$8.21 billion
Optionable
Optionable
Beta
0.70
7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part 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 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 Wall Street 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 predict the company's share price to reach $29.78 in the next twelve months. This suggests a possible upside of 24.8% 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 stock has decreased by 19.1% and is now trading at $23.86.
View the best growth stocks for 2024 here
.

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) announced its quarterly earnings data on Thursday, May, 9th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.13. The business earned $631.30 million during the quarter, compared to the consensus estimate of $628.81 million. Dropbox had a negative trailing twelve-month return on equity of 148.13% and a net margin of 20.50%.

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

Dropbox issued an update on its second quarter 2024 earnings guidance on Friday, May, 10th. The company provided earnings per share 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 IPO on Friday, March 23rd 2018. The company issued 36,000,000 shares at a price of $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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.96%), LSV Asset Management (1.00%), Acadian Asset Management LLC (0.95%), Nordea Investment Management AB (0.62%), Russell Investments Group Ltd. (0.57%) and Mirae Asset Global Investments Co. Ltd. (0.33%). 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 5/16/2024 by MarketBeat.com Staff

From Our Partners