Dropbox, Inc. (DBX)
NASDAQ: DBX · Real-Time Price · USD
27.99
+0.35 (1.27%)
At close: Nov 22, 2024, 4:00 PM
28.00
+0.01 (0.04%)
After-hours: Nov 22, 2024, 4:19 PM EST
Dropbox Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Dropbox stock have an average target of 28.67, with a low estimate of 24 and a high estimate of 37. The average target predicts an increase of 2.43% from the current stock price of 27.99.
Analyst Consensus: Hold
* Price targets were last updated on Aug 9, 2024.
Analyst Ratings
The average analyst rating for Dropbox stock from 7 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 8 | 8 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Buy Maintains $30 → $28 | Strong Buy | Maintains | $30 → $28 | +0.04% | Aug 9, 2024 |
| Citigroup | Citigroup | Hold Maintains $26 → $25 | Hold | Maintains | $26 → $25 | -10.68% | Jun 26, 2024 |
| Citigroup | Citigroup | Hold Maintains $31 → $27 | Hold | Maintains | $31 → $27 | -3.54% | Mar 22, 2024 |
| JMP Securities | JMP Securities | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Feb 16, 2024 |
| Goldman Sachs | Goldman Sachs | Hold → Strong Sell Downgrades $26 → $24 | Hold → Strong Sell | Downgrades | $26 → $24 | -14.26% | Feb 16, 2024 |
Financial Forecast
Revenue This Year
2.57B
from 2.50B
Increased by 2.77%
Revenue Next Year
2.62B
from 2.57B
Increased by 1.87%
EPS This Year
2.26
from 1.33
Increased by 70.29%
EPS Next Year
2.43
from 2.26
Increased by 7.38%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.7B | 2.8B | 2.9B | ||
| Avg | 2.6B | 2.6B | 2.7B | ||
| Low | 2.5B | 2.5B | 2.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.1% | 8.3% | 10.6% | ||
| Avg | 2.8% | 1.9% | 2.3% | ||
| Low | -0.4% | -2.4% | -2.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.45 | 2.90 | 3.08 | ||
| Avg | 2.26 | 2.43 | 2.60 | ||
| Low | 2.15 | 2.21 | 2.27 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 84.0% | 28.2% | 26.6% | ||
| Avg | 70.3% | 7.4% | 7.1% | ||
| Low | 61.4% | -2.6% | -6.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.