Dropbox Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Dropbox, Inc. DBX is expected to release earnings results for its fourth quarter, after the closing bell on Feb. 15, 2024.

Analysts expect the company to report quarterly earnings at 48 cents per share, up from year-ago earnings of 40 cents per share. The company is projected to post revenue of $631.13 million for the latest quarter, compared to $598.8 million in the year-earlier quarter, according to data from Benzinga Pro.

Dropbox, during November, posted better-than-expected results for its third quarter.

Dropbox shares gained 1.2% to close at $32.41 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Keybanc analyst Thomas Blakey maintained an Overweight rating and raised the price target from $32 to $37 on Jan. 19, 2024. This analyst has an accuracy rate of 68%.
• UBS analyst Rich Hilliker initiated coverage on the stock with a Buy rating and a price target of $36 on Dec. 15, 2023. This analyst has an accuracy rate of 68%.
• Goldman Sachs analyst Kash Rangan maintained a Neutral rating and raised the price target from $25 to $28 on Aug. 4, 2023. This analyst has an accuracy rate of 67%.
• JMP Securities analyst Patrick Walravens reiterated a Market Outperform rating with a price target of $32 on Aug. 31, 2023. This analyst has an accuracy rate of 69%.

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