Dropbox found using ticker (DBX) now have 9 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 34 and 24 calculating the mean target price we have 28.21. Now with the previous closing price of 20.72 this would imply there is a potential upside of 36.1%. The 50 day MA is 22.42 while the 200 day moving average is 22.56. The company has a market capitalisation of $7,844m. Company Website: https://www.dropbox.com
The potential market cap would be $10,680m 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.
