Dropbox with ticker code (DBX) now have 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 34 and 24 and has a mean target at 28.21. With the stocks previous close at 20.11 this is indicating there is a potential upside of 40.3%. The 50 day MA is 22.61 and the 200 day MA is 22.65. The market capitalisation for the company is $7,372m. Visit the company website at: https://www.dropbox.com
The potential market cap would be $10,342m 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.
