Dropbox – Consensus Indicates Potential 29.5% Upside

Broker Ratings

Dropbox found using ticker (DBX) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 30 and 21 and has a mean target at 26.13. Now with the previous closing price of 20.17 this would indicate that there is a potential upside of 29.5%. There is a 50 day moving average of 19.19 and the 200 day MA is 20.69. The market cap for the company is $8,318m. Visit the company website at: http://www.dropbox.com

Dropbox 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 and changed its name to Dropbox in October 2009. Dropbox was founded in 2007 and is headquartered in San Francisco, California.

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