#1 - Dropbox (NASDAQ:DBX)
Dropbox Inc. (NASDAQ: DBX) is a content collaboration platform. The company faces significant competition that is creating a situation where the company is seeing its user growth slow to a relative trickle (18k new subscribers in its most recent quarter versus a total user base of around 18 million). That’s a key reason why revenue increased just 0.9% year-over-year (YOY), which is down from the already slow 1.9 YOY growth rate in the prior quarter.
But what the company may lack in growth, it makes up for with an appealing valuation and solid free cash flow (although it is still has a net debt position). Dropbox also recently announced a major round of layoffs (approximately 20% of its workforce) which can also make the company more attractive as a takeover target.
Analysts are neutral on DBX stock with a consensus Hold rating. The stock is down 3% for the year, but it’s up 9% in the month ending November 25, 2024.
About Dropbox
Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, 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. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.
Read More - Current Price
- $28.52
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 3 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $28.67 (0.5% Upside)
