Dropbox (DBX) Stock Forecast & Price Target

$24.70

+0.23 (+0.94%)

(As of 09/20/2024 ET)

Dropbox - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Dropbox in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 2 have given a sell rating, 3 have given a hold rating, and 2 have given a buy rating for DBX.

Consensus Price Target

$28.67
16.06% Upside

High Forecast	$37.00
Average Forecast	$28.67
Low Forecast	$24.00

According to the 7 analysts' twelve-month price targets for Dropbox, the average price target is $28.67. The highest price target for DBX is $37.00, while the lowest price target for DBX is $24.00. The average price target represents a forecasted upside of 16.06% from the current price of $24.70.

Type	Current Forecast 9/23/23 to 9/22/24	1 Month Ago 8/24/23 to 8/23/24	3 Months Ago 6/25/23 to 6/24/24	1 Year Ago 9/23/22 to 9/23/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$28.67	$29.14	$29.78	$29.14
Forecasted Upside	16.06% Upside	1.10% Upside	1.05% Upside	11.21% Upside

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DBX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DBX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Dropbox Stock vs. The Competition

Type	Dropbox	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.00	2.65	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	16.06% Upside	2,484.48% Upside	7.41% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/9/2024	UBS Group 4 of 5 stars		Lower Target	Buy ➝ Buy	$30.00 ➝ $28.00	+26.75%
6/26/2024	Citigroup 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$26.00 ➝ $25.00	+14.94%
2/16/2024	The Goldman Sachs Group 2 of 5 stars		Downgrade	Neutral ➝ Sell	$26.00 ➝ $24.00	-26.24%
2/16/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
2/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$33.00 ➝ $30.00	-7.81%
2/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Underperform	$34.00 ➝ $28.00	-13.95%
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1/19/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$32.00 ➝ $37.00	+15.91%
9/18/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ader Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
8/4/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$30.00 ➝ $32.00	+15.32%
8/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$18.00 ➝ $22.00	-15.22%
1/5/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$28.00 ➝ $25.00	+9.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:17 AM ET.

DBX Forecast - Frequently Asked Questions

What is Dropbox's forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Dropbox is $28.67, with a high forecast of $37.00 and a low forecast of $24.00.
Should I buy or sell Dropbox stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DBX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DBX, but not buy additional shares or sell existing shares.
Does Dropbox's stock price have much downside?: According to analysts, Dropbox's stock has a predicted downside of -0.80% based on their 12-month stock forecasts.
What analysts cover Dropbox?: Dropbox has been rated by research analysts at Citigroup, and UBS Group in the past 90 days.
Do Wall Street analysts like Dropbox more than its competitors?: Analysts like Dropbox less than other "computer and technology" companies. The consensus rating for Dropbox is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how DBX compares to other companies.