Dropbox with ticker code (DBX) now have 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 40 and 27 and has a mean target at 33. With the stocks previous close at 23.27 this would indicate that there is a potential upside of 41.8%. The 50 day moving average now sits at 23.13 and the 200 moving average now moves to 27.35. The market cap for the company is $8,961m. Visit the company website at: https://www.dropbox.com
The potential market cap would be $12,708m 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.
