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NASDAQ:DBX - Dropbox Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $28.38
  • Forecasted Upside: 27.99 %
  • Number of Analysts: 11
  • Breakdown:
  • 1 Sell Ratings
  • 2 Hold Ratings
  • 8 Buy Ratings
  • 0 Strong Buy Ratings
$22.17 As of 01/20/2021 01:00 AM ET
▲ +0.4 (1.84%)
1 month | 3 months | 12 months
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Analyst Price Target for DBX

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$28.38
▲ +27.99% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for Dropbox in the last 3 months. The average price target is $28.38, with a high forecast of $35.00 and a low forecast of $22.00. The average price target represents a 27.99% upside from the last price of $22.17.
Buy
The current consensus among 11 polled investment analysts is to buy stock in Dropbox. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2019
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
10/28/2019
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
1/26/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 2 sell ratings
Ratings as of
4/25/2020
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 2 sell ratings
Ratings as of
7/24/2020
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
10/22/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
12/21/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
1/20/2021

Latest Recommendations

  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 1 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/15/2021KeyCorpInitiated CoverageSector WeightMedium
i
7/31/2020Bank of AmericaDowngradeBuy ➝ Neutral$32.00 ➝ $25.00High
i
7/20/2020Jefferies Financial GroupUpgradeHold ➝ Buy$22.00 ➝ $28.00High
i
6/24/2020The Goldman Sachs GroupBoost Price TargetAverage ➝ Sell$19.00 ➝ $22.00High
i
Rating by Heather Bellini at The Goldman Sachs Group, Inc.
5/15/2020CitigroupInitiated CoverageBuy$27.00High
i
5/8/2020Royal Bank of CanadaBoost Price TargetOutperform$28.00 ➝ $30.00Low
i
5/8/2020Jefferies Financial GroupBoost Price TargetHold$20.00 ➝ $22.00High
i
Rating by Brent Thill at Jefferies Financial Group Inc.
3/26/2020The Goldman Sachs GroupDowngradeNeutral ➝ Sell$23.00 ➝ $17.00High
i
2/25/2020MacquarieReiterated RatingBuy$35.00Low
i
Rating by Sarah Hindlian at Macquarie
2/21/2020DA DavidsonReiterated RatingBuyMedium
i
Rating by R. Jaluria at DA Davidson
2/21/2020William BlairReiterated RatingBuyMedium
i
Rating by Jason Ader at William Blair
2/21/2020Deutsche Bank AktiengesellschaftBoost Price TargetBuy$28.00 ➝ $30.00High
i
2/21/2020Royal Bank of CanadaLower Price TargetOutperform$30.00 ➝ $28.00High
i
Rating by Alex Zukin at Royal Bank of Canada
2/21/2020Canaccord GenuityReiterated RatingBuy$30.00High
i
Rating by Richard Davis at Canaccord Genuity
2/21/2020Jefferies Financial GroupBoost Price TargetHold$19.00 ➝ $21.00High
i
Rating by Brent Thill at Jefferies Financial Group Inc.
1/9/2020Jefferies Financial GroupDowngradeBuy ➝ Hold$28.00 ➝ $19.00Medium
i
11/26/2019William BlairReiterated RatingBuyLow
i
Rating by Jason Ader at William Blair
11/8/2019Nomura SecuritiesBoost Price TargetBuy$25.00 ➝ $27.00Low
i
11/8/2019Jefferies Financial GroupLower Price TargetBuy$32.00 ➝ $28.00High
i
10/22/2019Nomura InstinetUpgradeNeutral ➝ Buy$18.92 ➝ $25.00Medium
i
10/22/2019Nomura SecuritiesUpgradeNeutral ➝ Buy$24.00 ➝ $25.00Medium
i
10/8/2019Jefferies Financial GroupReiterated RatingBuy$32.00Medium
i
9/27/2019Canaccord GenuityDropped CoverageBuy$35.00N/A
i
Rating by Richard Davis at Canaccord Genuity
9/26/2019MacquarieDropped CoverageBuy$32.00N/A
i
Rating by Sarah Hindlian at Macquarie
9/26/2019Royal Bank of CanadaDropped CoverageBuy$30.00N/A
i
Rating by Alex Zukin at Royal Bank of Canada
8/9/2019William BlairDropped CoverageBuyN/A
i
Rating by Jason Ader at William Blair
8/9/2019Bank of AmericaDropped CoverageBuy$33.00N/A
i
Rating by Justin Post at Bank of America Co.
8/9/2019DA DavidsonDropped CoverageBuy$30.00N/A
i
Rating by Rishi Jaluria at DA Davidson
8/9/2019Royal Bank of CanadaDropped CoverageBuy$32.00N/A
i
Rating by Mark Mahaney at Royal Bank of Canada
8/9/2019Nomura SecuritiesLower Price TargetNeutral$25.00 ➝ $24.00High
i
8/7/2019Sanford C. BernsteinInitiated CoverageUnderperform ➝ Underperform$19.00High
i
2/22/2019Bank of AmericaUpgradeNeutral ➝ Buy$33.00High
i
2/22/2019Jefferies Financial GroupLower Price Target$32.00High
i
12/11/2018William BlairInitiated CoverageOutperform ➝ OutperformLow
i
Rating by J. Ader at William Blair
11/9/2018Canaccord GenuityLower Price TargetBuy ➝ Buy$38.00 ➝ $35.00High
i
10/2/2018Nomura SecuritiesUpgradeReduce ➝ Neutral$21.00 ➝ $25.00Low
i
Rating by Christopher Eberle at Nomura Securities
8/27/2018Monness Crespi & HardtInitiated CoverageNeutral ➝ NeutralLow
i
8/10/2018JMP SecuritiesBoost Price TargetOutperform$35.00 ➝ $37.00High
i
8/10/2018Canaccord GenuityBoost Price TargetBuy ➝ Buy$36.00 ➝ $38.00High
i
8/10/2018Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$33.00High
i
8/10/2018Jefferies Financial GroupBoost Price TargetAverage ➝ Buy$37.00High
i
8/1/2018Jefferies Financial GroupUpgradeHold ➝ Buy$31.00Medium
i
5/11/2018Canaccord GenuityBoost Price TargetBuy ➝ Buy$35.00 ➝ $36.00High
i
5/11/2018JPMorgan Chase & Co.Boost Price TargetOverweight$35.00Low
i
4/17/2018JMP SecuritiesInitiated CoverageOutperform$35.00Low
i
4/17/2018KeyCorpInitiated CoverageOverweight$40.00Low
i
4/17/2018Canaccord GenuityInitiated CoverageBuy ➝ Buy$35.00Low
i
4/17/2018Royal Bank of CanadaInitiated CoverageSector Perform$33.00Low
i
4/17/2018Deutsche Bank AktiengesellschaftInitiated CoverageBuy$36.00Low
i
4/17/2018Bank of AmericaInitiated CoverageNeutral$31.00Low
i
4/17/2018JPMorgan Chase & Co.Initiated CoverageOverweight$32.00Low
i
4/17/2018Piper Jaffray CompaniesInitiated CoverageOverweight$40.00Low
i
4/17/2018MacquarieInitiated CoverageOutperform$34.00Low
i
4/17/2018The Goldman Sachs GroupInitiated CoverageNeutral$27.00Low
i
4/17/2018Jefferies Financial GroupInitiated CoverageHold$31.00Low
i
4/16/2018DA DavidsonDropped CoverageBuy$22.00 ➝ $36.00Low
i
4/12/2018Nomura SecuritiesInitiated CoverageReduce ➝ Reduce$21.00 ➝ $21.00High
i
(Data available from 1/20/2016 forward)
Dropbox logo
Dropbox, Inc. provides a collaboration platform worldwide. The company's 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, 2019, it had approximately 600 million registered users across 180 countries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was founded in 2007 and is headquartered in San Francisco, California.
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Today's Range

Now: $22.17
$22.05
$22.51

50 Day Range

MA: $22.59
$20.11
$24.87

52 Week Range

Now: $22.17
$14.55
$25.16

Volume

5,834,359 shs

Average Volume

6,740,271 shs

Market Capitalization

$9.17 billion

P/E Ratio

116.68

Dividend Yield

N/A

Beta

0.89

Frequently Asked Questions

What sell-side analysts currently cover shares of Dropbox?

The following Wall Street research analysts have issued stock ratings on Dropbox in the last twelve months: Bank of America Co., Canaccord Genuity, Citigroup Inc., DA Davidson, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group Inc., KeyCorp, Macquarie, Royal Bank of Canada, The Goldman Sachs Group, Inc., TheStreet, William Blair, and Zacks Investment Research.

What is the current price target for Dropbox?

8 Wall Street analysts have set twelve-month price targets for Dropbox in the last year. Their average twelve-month price target is $28.38, suggesting a possible upside of 30.3%. Macquarie has the highest price target set, predicting DBX will reach $35.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $22.00 for Dropbox in the next year.

What is the current consensus analyst rating for Dropbox?

Dropbox currently has 1 sell rating, 2 hold ratings and 8 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe DBX will outperform the market and that investors should add to their positions of Dropbox.

What other companies compete with Dropbox?

Other companies that are similar to Dropbox include Okta, ANSYS, Datadog, Atlassian, Splunk, Cloudflare, Slack Technologies, Coupa Software, Paycom Software, Take-Two Interactive Software, MongoDB, Check Point Software Technologies, ZoomInfo Technologies, HubSpot and SS&C Technologies.

How do I contact Dropbox's investor relations team?

Dropbox's physical mailing address is 1800 OWENS STREET, SAN FRANCISCO CA, 94158. The company's listed phone number is 415-857-6800 and its investor relations email address is ir@dropbox.com. The official website for Dropbox is www.dropbox.com.