Dropbox found using ticker (DBX) now have 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 30 and 22.1 and has a mean target at 27.42. Given that the stocks previous close was at 22.69 this is indicating there is a potential upside of 20.8%. The 50 day MA is 21.49 and the 200 moving average now moves to 23.76. The company has a market capitalisation of $8,545m. Company Website: https://www.dropbox.com
The potential market cap would be $10,326m 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.
