Dropbox with ticker code (DBX) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 40 and 25 with the average target price sitting at 33.83. Now with the previous closing price of 23.51 this indicates there is a potential upside of 43.9%. The 50 day MA is 24.66 and the 200 day moving average is 28.15. The market capitalisation for the company is $9,179m. Company Website: https://www.dropbox.com
The potential market cap would be $13,209m 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.
