Dropbox found using ticker (DBX) have now 9 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 34 and 24 with the average target price sitting at 28.21. Given that the stocks previous close was at 21.7 this now indicates there is a potential upside of 30.0%. The 50 day moving average now sits at 22.73 and the 200 day MA is 22.74. The market capitalisation for the company is $7,996m. Visit the company website at: https://www.dropbox.com
The potential market cap would be $10,394m 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.
