Dropbox found using ticker (DBX) have now 11 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 34 and 20 calculating the average target price we see 26.75. Given that the stocks previous close was at 23.39 this would imply there is a potential upside of 14.4%. The 50 day MA is 22.7 and the 200 moving average now moves to 22.05. The company has a market cap of $8,325m. Company Website: https://www.dropbox.com
The potential market cap would be $9,521m based on the market concensus.
Dropbox provides a content collaboration platform worldwide. Its 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. As of December 31, 2021, the company had approximately 700 million registered users. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow and changed its name to Dropbox in October 2009. Dropbox was incorporated in 2007 and is headquartered in San Francisco, California.
