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Dropbox
DBXNASDAQ
Dropbox (NASDAQ:DBX) Stock, Analyst Ratings, Price Targets, Forecasts
Dropbox Inc has a consensus price target of $29.36 based on the ratings of 12 analysts. The high is $39 issued by JMP Securities on August 6, 2021. The low is $22 issued by Credit Suisse on August 4, 2023. The 3 most-recent analyst ratings were released by Citigroup, Citigroup, and Goldman Sachs on June 26, 2024, March 22, 2024, and February 16, 2024, respectively. With an average price target of $25.33 between Citigroup, Citigroup, and Goldman Sachs, there's an implied 10.48% upside for Dropbox Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Citigroup
Goldman Sachs
B of A Securities
JP Morgan
Keybanc
1calculated from analyst ratings
Analyst Ratings for Dropbox
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/26/2024 | Buy Now | 9.03% | Citigroup | Steven Enders | $26 → $25 | Maintains | Neutral | Get Alert |
| 03/22/2024 | Buy Now | 17.75% | Citigroup | Steven Enders | $31 → $27 | Maintains | Neutral | Get Alert |
| 02/16/2024 | Buy Now | 4.67% | Goldman Sachs | Kash Rangan | $26 → $24 | Downgrade | Neutral → Sell | Get Alert |
| 02/16/2024 | Buy Now | 22.11% | B of A Securities | Michael Funk | $34 → $28 | Downgrade | Buy → Underperform | Get Alert |
| 02/16/2024 | Buy Now | — | JMP Securities | Patrick Walravens | — | Downgrade | Market Outperform → Market Perform | Get Alert |
| 02/16/2024 | Buy Now | 30.83% | JP Morgan | Mark Murphy | $33 → $30 | Downgrade | Overweight → Neutral | Get Alert |
| 01/19/2024 | Buy Now | 61.36% | Keybanc | Thomas Blakey | $32 → $37 | Maintains | Overweight | Get Alert |
| 12/15/2023 | Buy Now | 57% | UBS | Rich Hilliker | → $36 | Initiates | → Buy | Get Alert |
| 09/18/2023 | Buy Now | 30.83% | Citigroup | Steven Enders | $30 → $30 | Maintains | Neutral | Get Alert |
| 08/31/2023 | Buy Now | 39.56% | JMP Securities | Patrick Walravens | → $32 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 08/04/2023 | Buy Now | 39.56% | RBC Capital | Rishi Jaluria | $30 → $32 | Maintains | Outperform | Get Alert |
| 08/04/2023 | Buy Now | 22.11% | Goldman Sachs | Kash Rangan | $25 → $28 | Maintains | Neutral | Get Alert |
| 08/04/2023 | Buy Now | -4.06% | Credit Suisse | Rich Hilliker | $18 → $22 | Maintains | Underperform | Get Alert |
| 08/04/2023 | Buy Now | 39.56% | JMP Securities | Patrick Walravens | $30 → $32 | Maintains | Outperform | Get Alert |
| 08/04/2023 | Buy Now | 52.64% | Keybanc | Thomas Blakey | $32 → $35 | Maintains | Overweight | Get Alert |
| 07/21/2023 | Buy Now | 30.83% | Citigroup | Steven Enders | $27 → $30 | Maintains | Neutral | Get Alert |
| 07/18/2023 | Buy Now | 39.56% | Keybanc | Thomas Blakey | $27 → $32 | Maintains | Overweight | Get Alert |
| 06/22/2023 | Buy Now | 17.75% | Citigroup | Steven Enders | $24 → $27 | Maintains | Neutral | Get Alert |
| 05/09/2023 | Buy Now | 9.03% | Goldman Sachs | Kash Rangan | $22 → $25 | Maintains | Neutral | Get Alert |
| 05/08/2023 | Buy Now | 9.03% | Goldman Sachs | Kash Rangan | $22 → $25 | Upgrade | Sell → Neutral | Get Alert |
| 05/05/2023 | Buy Now | -21.5% | Credit Suisse | Rich Hilliker | $20 → $18 | Maintains | Underperform | Get Alert |
| 05/05/2023 | Buy Now | 30.83% | JMP Securities | Patrick Walravens | → $30 | Maintains | Market Outperform | Get Alert |
| 05/05/2023 | Buy Now | 17.75% | Keybanc | Thomas Blakey | $29 → $27 | Maintains | Overweight | Get Alert |
| 02/17/2023 | Buy Now | -12.78% | Credit Suisse | Rich Hilliker | → $20 | Reiterates | → Underperform | Get Alert |
| 02/17/2023 | Buy Now | 9.03% | Citigroup | Steven Enders | $24 → $25 | Maintains | Neutral | Get Alert |
| 02/17/2023 | Buy Now | 26.47% | Keybanc | Thomas Blakey | $30 → $29 | Maintains | Overweight | Get Alert |
| 01/05/2023 | Buy Now | 9.03% | Jefferies | Brent Thill | $28 → $25 | Downgrade | Buy → Hold | Get Alert |
| 11/22/2022 | Buy Now | -12.78% | Credit Suisse | Rich Hilliker | → $20 | Initiates | → Underperform | Get Alert |
| 11/07/2022 | Buy Now | -4.06% | Goldman Sachs | Kash Rangan | $25 → $22 | Maintains | Sell | Get Alert |
| 10/31/2022 | Buy Now | 22.11% | Jefferies | Brent Thill | $30 → $28 | Maintains | Buy | Get Alert |
| 09/13/2022 | Buy Now | 30.83% | Keybanc | Thomas Blakey | → $30 | Initiates | → Overweight | Get Alert |
| 09/06/2022 | Buy Now | 48.28% | B of A Securities | Michael Funk | → $34 | Initiates | → Buy | Get Alert |
| 09/01/2022 | Buy Now | 4.67% | Citigroup | Steven Enders | → $24 | Initiates | → Neutral | Get Alert |
| 05/23/2022 | Buy Now | 30.83% | Jefferies | Brent Thill | $35 → $30 | Maintains | Buy | Get Alert |
| 12/02/2021 | Buy Now | 9.03% | Berenberg | Edward Magi | — | Initiates | → Hold | Get Alert |
| 08/06/2021 | Buy Now | 65.72% | RBC Capital | Rishi Jaluria | — | Maintains | Outperform | Get Alert |
| 08/06/2021 | Buy Now | 70.08% | JMP Securities | — | — | Maintains | Market Outperform | Get Alert |
FAQ
What is the target price for Dropbox (DBX) stock?
The latest price target for Dropbox (NASDAQ:DBX) was reported by Citigroup on June 26, 2024. The analyst firm set a price target for $25.00 expecting DBX to rise to within 12 months (a possible 9.03% upside). 15 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Dropbox (DBX)?
The latest analyst rating for Dropbox (NASDAQ:DBX) was provided by Citigroup, and Dropbox maintained their neutral rating.
When was the last upgrade for Dropbox (DBX)?
The last upgrade for Dropbox Inc happened on May 8, 2023 when Goldman Sachs raised their price target to $25. Goldman Sachs previously had a sell for Dropbox Inc.
When was the last downgrade for Dropbox (DBX)?
The last downgrade for Dropbox Inc happened on February 16, 2024 when Goldman Sachs changed their price target from $26 to $24 for Dropbox Inc.
When is the next analyst rating going to be posted or updated for Dropbox (DBX)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Dropbox, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Dropbox was filed on June 26, 2024 so you should expect the next rating to be made available sometime around June 26, 2025.
Is the Analyst Rating Dropbox (DBX) correct?
While ratings are subjective and will change, the latest Dropbox (DBX) rating was a maintained with a price target of $26.00 to $25.00. The current price Dropbox (DBX) is trading at is $22.93, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.