Dropbox found using ticker (DBX) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 38 and 22.1 and has a mean target at 29.02. With the stocks previous close at 19.69 this now indicates there is a potential upside of 47.4%. The 50 day moving average now sits at 21.5 and the 200 moving average now moves to 24.77. The company has a market capitalisation of $7,756m. You can visit the company’s website by visiting: https://www.dropbox.com
The potential market cap would be $11,431m 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.
