Dropbox, Inc. (DBX)
NASDAQ: DBX · IEX Real-Time Price · USD
23.12
-0.11 (-0.47%)
At close: Jul 19, 2024, 4:00 PM
23.08
-0.04 (-0.17%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Dropbox Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Dropbox stock have an average target of 30.29, with a low estimate of 24 and a high estimate of 37. The average target predicts an increase of 31.01% from the current stock price of 23.12.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Dropbox stock from 8 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| 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 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $26 → $25 | Hold | Maintains | $26 → $25 | +8.13% | Jun 26, 2024 |
| Citigroup | Citigroup | Hold Maintains $31 → $27 | Hold | Maintains | $31 → $27 | +16.78% | Mar 22, 2024 |
| Goldman Sachs | Goldman Sachs | Hold → Strong Sell Downgrades $26 → $24 | Hold → Strong Sell | Downgrades | $26 → $24 | +3.81% | Feb 16, 2024 |
| B of A Securities | B of A Securities | Strong Buy → Sell Downgrades $34 → $28 | Strong Buy → Sell | Downgrades | $34 → $28 | +21.11% | Feb 16, 2024 |
| JMP Securities | JMP Securities | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Feb 16, 2024 |
Financial Forecast
Revenue This Year
2.57B
from 2.50B
Increased by 2.73%
Revenue Next Year
2.63B
from 2.57B
Increased by 2.45%
EPS This Year
2.16
from 1.31
Increased by 65.15%
EPS Next Year
2.32
from 2.16
Increased by 7.06%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.7B | 2.8B | 3.0B | 3.2B | 3.5B |
| Avg | 2.6B | 2.6B | 2.7B | 3.1B | 3.3B |
| Low | 2.5B | 2.5B | 2.6B | 3.0B | 3.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.3% | 9.6% | 14.5% | 17.6% | 11.2% |
| Avg | 2.7% | 2.5% | 4.2% | 13.1% | 7.0% |
| Low | -0.6% | -1.8% | -3.1% | 9.7% | 3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.33 | 2.58 | 2.90 | 2.56 | 2.73 |
| Avg | 2.16 | 2.32 | 2.50 | 2.46 | 2.63 |
| Low | 2.02 | 2.07 | 2.22 | 2.39 | 2.55 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 77.9% | 19.4% | 25.1% | 2.6% | 10.8% |
| Avg | 65.2% | 7.1% | 7.8% | -1.3% | 6.6% |
| Low | 54.1% | -4.4% | -4.0% | -4.2% | 3.4% |
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.