$24.00
-0.02[-0.08%]
At close: Apr 25
$24.00
0[0.00%]
After Hours: 4:03PM EDT
Dropbox Stock (NASDAQ:DBX), Analyst Ratings, Price Targets, Predictions
Dropbox Inc has a consensus price target of $27.08, established from looking at the 38 latest analyst ratings. The last 3 analyst ratings were released from Citigroup, Goldman Sachs, and B of A Securities on March 22, 2024, February 16, 2024, and February 16, 2024. With an average price target of $26.33 between Citigroup, Goldman Sachs, and B of A Securities, there's an implied 9.72% upside for Dropbox Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Citigroup
Goldman Sachs
B of A Securities
JMP Securities
JP Morgan
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Dropbox
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 03/22/2024 | DBX | Buy Now | Dropbox | $24.00 | 12.5% | Citigroup | Steven Enders | $31 → $27 | Maintains | Neutral | Get Alert |
| 02/16/2024 | DBX | Buy Now | Dropbox | $24.00 | — | Goldman Sachs | Kash Rangan | $26 → $24 | Downgrade | Neutral → Sell | Get Alert |
| 02/16/2024 | DBX | Buy Now | Dropbox | $24.00 | 16.67% | B of A Securities | Michael Funk | $34 → $28 | Downgrade | Buy → Underperform | Get Alert |
| 02/16/2024 | DBX | Buy Now | Dropbox | $24.00 | — | JMP Securities | Patrick Walravens | — | Downgrade | Market Outperform → Market Perform | Get Alert |
| 02/16/2024 | DBX | Buy Now | Dropbox | $24.00 | 25% | JP Morgan | Mark Murphy | $33 → $30 | Downgrade | Overweight → Neutral | Get Alert |
| 01/19/2024 | DBX | Buy Now | Dropbox | $24.00 | 54.17% | Keybanc | Thomas Blakey | $32 → $37 | Maintains | Overweight | Get Alert |
| 12/15/2023 | DBX | Buy Now | Dropbox | $24.00 | 50% | UBS | Rich Hilliker | → $36 | Initiates | → Buy | Get Alert |
| 09/18/2023 | DBX | Buy Now | Dropbox | $24.00 | 25% | Citigroup | Steven Enders | $30 → $30 | Maintains | Neutral | Get Alert |
| 08/31/2023 | DBX | Buy Now | Dropbox | $24.00 | 33.33% | JMP Securities | Patrick Walravens | → $32 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 08/04/2023 | DBX | Buy Now | Dropbox | $24.00 | 33.33% | RBC Capital | Rishi Jaluria | $30 → $32 | Maintains | Outperform | Get Alert |
| 08/04/2023 | DBX | Buy Now | Dropbox | $24.00 | 16.67% | Goldman Sachs | Kash Rangan | $25 → $28 | Maintains | Neutral | Get Alert |
| 08/04/2023 | DBX | Buy Now | Dropbox | $24.00 | -8.33% | Credit Suisse | Rich Hilliker | $18 → $22 | Maintains | Underperform | Get Alert |
| 08/04/2023 | DBX | Buy Now | Dropbox | $24.00 | 33.33% | JMP Securities | Patrick Walravens | $30 → $32 | Maintains | Outperform | Get Alert |
| 08/04/2023 | DBX | Buy Now | Dropbox | $24.00 | 45.83% | Keybanc | Thomas Blakey | $32 → $35 | Maintains | Overweight | Get Alert |
| 07/21/2023 | DBX | Buy Now | Dropbox | $24.00 | 25% | Citigroup | Steven Enders | $27 → $30 | Maintains | Neutral | Get Alert |
| 07/18/2023 | DBX | Buy Now | Dropbox | $24.00 | 33.33% | Keybanc | Thomas Blakey | $27 → $32 | Maintains | Overweight | Get Alert |
| 06/22/2023 | DBX | Buy Now | Dropbox | $24.00 | 12.5% | Citigroup | Steven Enders | $24 → $27 | Maintains | Neutral | Get Alert |
| 05/09/2023 | DBX | Buy Now | Dropbox | $24.00 | 4.17% | Goldman Sachs | Kash Rangan | $22 → $25 | Maintains | Neutral | Get Alert |
| 05/08/2023 | DBX | Buy Now | Dropbox | $24.00 | 4.17% | Goldman Sachs | Kash Rangan | $22 → $25 | Upgrade | Sell → Neutral | Get Alert |
FAQ
What is the target price for Dropbox (DBX)?
The latest price target for Dropbox (NASDAQ: DBX) was reported by Citigroup on March 22, 2024. The analyst firm set a price target for $27.00 expecting DBX to rise to within 12 months (a possible 12.50% upside). 22 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 March 22, 2024 so you should expect the next rating to be made available sometime around March 22, 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 $31.00 to $27.00. The current price Dropbox (DBX) is trading at is $24.00, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.