Dropbox with ticker code (DBX) now have 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 40 and 25 calculating the average target price we see 33.83. With the stocks previous close at 24.64 this now indicates there is a potential upside of 37.3%. The day 50 moving average is 24.32 while the 200 day moving average is 28. The market cap for the company is $9,328m. You can visit the company’s website by visiting: https://www.dropbox.com
The potential market cap would be $12,808m 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.
