Dropbox with ticker code (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 26.59. With the stocks previous close at 22.92 this is indicating there is a potential upside of 16.0%. The 50 day moving average now sits at 22.46 and the 200 day moving average is 22.06. The company has a market cap of $8,368m. Find out more information at: https://www.dropbox.com
The potential market cap would be $9,708m 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.
