Dropbox found using ticker (DBX) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 38 and 22.1 with a mean TP of 29.02. Given that the stocks previous close was at 22.62 this would indicate that there is a potential upside of 28.3%. The 50 day MA is 21.4 and the 200 moving average now moves to 24.52. The company has a market capitalisation of $7,782m. Find out more information at: https://www.dropbox.com
The potential market cap would be $9,984m 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.
