Dropbox with ticker code (DBX) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 30 and 22.1 with the average target price sitting at 27.42. Given that the stocks previous close was at 23.55 this is indicating there is a potential upside of 16.4%. The day 50 moving average is 22.1 while the 200 day moving average is 23.45. The company has a market cap of $8,951m. Company Website: https://www.dropbox.com
The potential market cap would be $10,422m 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.
