Bulls vs Bears
Click to unlock major analysts' bullish and bearish positions by joining Benzinga Edge.
Dropbox Inc has a consensus price target of $28 based on the ratings of 15 analysts. The high is $37 issued by Keybanc on January 19, 2024. The low is $22 issued by Credit Suisse on August 4, 2023. The 3 most-recent analyst ratings were released by Citigroup, RBC Capital, and JP Morgan on May 11, 2026, May 8, 2026, and February 20, 2026, respectively. With an average price target of $28.33 between Citigroup, RBC Capital, and JP Morgan, there's an implied 4.51% upside for Dropbox Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Dropbox (NASDAQ:DBX) was reported by Citigroup on May 11, 2026. The analyst firm set a price target for $28.00 expecting DBX to rise to within 12 months (a possible 3.28% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Dropbox (NASDAQ:DBX) was provided by Citigroup, and Dropbox maintained their neutral rating.
There is no last upgrade for Dropbox
The last downgrade for Dropbox Inc happened on March 23, 2026 when William Blair changed their price target from N/A to N/A for Dropbox Inc.
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 May 11, 2026 so you should expect the next rating to be made available sometime around May 11, 2027.
While ratings are subjective and will change, the latest Dropbox (DBX) rating was a maintained with a price target of $27.00 to $28.00. The current price Dropbox (DBX) is trading at is $27.11, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
Data & APIs: Benzinga APIs · Stock News API · Analyst Ratings API · Company Logo API
Market data provided by Benzinga APIs
A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.
Click to unlock major analysts' bullish and bearish positions by joining Benzinga Edge.

| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 05/11/2026 | Buy Now | 3.28% | Citigroup | $27 → $28 | Maintains | Neutral | Get Alert |
| 05/08/2026 | Buy Now | 18.04% | RBC Capital | $30 → $32 | Maintains | Outperform | Get Alert |
| 03/23/2026 | Buy Now | — | William Blair | — | Downgrade | Market Perform → Underperform | Get Alert |
| 02/20/2026 | Buy Now | -7.78% | JP Morgan | $29 → $25 | Maintains | Neutral | Get Alert |
| 02/20/2026 | Buy Now | -15.16% | UBS | $27 → $23 | Maintains | Sell | Get Alert |
| 02/20/2026 | Buy Now | 10.66% | RBC Capital | $35 → $30 | Maintains | Outperform | Get Alert |
| 01/05/2026 | Buy Now | 29.1% | RBC Capital | $38 → $35 | Maintains | Outperform | Get Alert |
| 11/07/2025 | Buy Now | 40.17% | RBC Capital | $35 → $38 | Maintains | Outperform | Get Alert |
| 09/18/2025 | Buy Now | -0.41% | UBS | $29 → $27 | Assumes | Neutral → Sell | Get Alert |
| 08/08/2025 | Buy Now | 6.97% | UBS | $31 → $29 | Maintains | Neutral | Get Alert |
| 05/09/2025 | Buy Now | 14.35% | UBS | $30 → $31 | Maintains | Buy | Get Alert |
| 05/09/2025 | Buy Now | 18.04% | Citigroup | $30 → $32 | Maintains | Neutral | Get Alert |
| 02/21/2025 | Buy Now | 10.66% | Citigroup | $31 → $30 | Maintains | Neutral | Get Alert |
| 02/21/2025 | Buy Now | — | Citizens Capital Markets | — | Reiterates | Market Perform → Market Perform | Get Alert |
| 01/06/2025 | Buy Now | 10.66% | Jefferies | $27 → $30 | Maintains | Hold | Get Alert |
| 08/09/2024 | Buy Now | 3.28% | UBS | $30 → $28 | Maintains | Buy | Get Alert |
| 06/26/2024 | Buy Now | -7.78% | Citigroup | $26 → $25 | Maintains | Neutral | Get Alert |
| 03/22/2024 | Buy Now | -0.41% | Citigroup | $31 → $27 | Maintains | Neutral | Get Alert |
| 02/16/2024 | Buy Now | — | JMP Securities | — | Downgrade | Market Outperform → Market Perform | Get Alert |
| 02/16/2024 | Buy Now | -11.47% | Goldman Sachs | $26 → $24 | Downgrade | Neutral → Sell | Get Alert |
| 02/16/2024 | Buy Now | 3.28% | B of A Securities | $34 → $28 | Downgrade | Buy → Underperform | Get Alert |
| 02/16/2024 | Buy Now | 10.66% | JP Morgan | $33 → $30 | Downgrade | Overweight → Neutral | Get Alert |
| 01/19/2024 | Buy Now | 36.48% | Keybanc | $32 → $37 | Maintains | Overweight | Get Alert |
| 12/15/2023 | Buy Now | 32.79% | UBS | → $36 | Initiates | → Buy | Get Alert |
| 11/06/2023 | Buy Now | 3.28% | Citigroup | $30 → $28 | Maintains | Neutral | Get Alert |
| 09/18/2023 | Buy Now | 10.66% | Citigroup | $30 → $30 | Maintains | Neutral | Get Alert |
| 08/31/2023 | Buy Now | 18.04% | JMP Securities | → $32 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 08/04/2023 | Buy Now | 18.04% | RBC Capital | $30 → $32 | Maintains | Outperform | Get Alert |
| 08/04/2023 | Buy Now | 3.28% | Goldman Sachs | $25 → $28 | Maintains | Neutral | Get Alert |
| 08/04/2023 | Buy Now | -18.85% | Credit Suisse | $18 → $22 | Maintains | Underperform | Get Alert |
| 08/04/2023 | Buy Now | 18.04% | JMP Securities | $30 → $32 | Maintains | Outperform | Get Alert |
| 08/04/2023 | Buy Now | 29.1% | Keybanc | $32 → $35 | Maintains | Overweight | Get Alert |
| 07/21/2023 | Buy Now | 10.66% | Citigroup | $27 → $30 | Maintains | Neutral | Get Alert |
| 07/18/2023 | Buy Now | 18.04% | Keybanc | $27 → $32 | Maintains | Overweight | Get Alert |
| 06/22/2023 | Buy Now | -0.41% | Citigroup | $24 → $27 | Maintains | Neutral | Get Alert |