Dropbox found using ticker (DBX) have now 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 40 and 25 with the average target price sitting at 31.67. With the stocks previous close at 21.88 this indicates there is a potential upside of 44.7%. The day 50 moving average is 24.1 and the 200 day MA is 27.91. The market capitalisation for the company is $8,660m. Visit the company website at: https://www.dropbox.com
The potential market cap would be $12,534m 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.
