Dropbox found using ticker (DBX) have now 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 40 and 25 with a mean TP of 31.67. Given that the stocks previous close was at 23.58 this would imply there is a potential upside of 34.3%. The 50 day moving average now sits at 24.3 and the 200 day MA is 27.98. The company has a market capitalisation of $8,786m. Visit the company website at: https://www.dropbox.com
The potential market cap would be $11,800m based on the market concensus.
Dropbox provides a collaboration platform worldwide. Its platform allows individuals, 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, 2020, the company had approximately 700 million registered users across 180 countries. 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.
