Dropbox (DBX) Stock Forecast, Price Target & Predictions


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DBX Stock Forecast


Dropbox stock forecast is as follows: an average price target of $28.00 (represents a 13.87% upside from DBX’s last price of $24.59) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

DBX Price Target


The average price target for Dropbox (DBX) is $28.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $32.00 to $20.00. This represents a potential 13.87% upside from DBX's last price of $24.59.

DBX Analyst Ratings


Buy

According to 9 Wall Street analysts, Dropbox's rating consensus is 'Buy'. The analyst rating breakdown for DBX stock is 0 'Strong Buy' (0.00%), 7 'Buy' (77.78%), 1 'Hold' (11.11%), 1 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).

Dropbox Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 21, 2024Thomas BlakeyKeyBanc$31.00$24.0229.09%26.07%
Aug 09, 2024Rishi JaluriaRBC Capital$32.00$22.5142.16%30.13%
Aug 09, 2024Rich HillikerUBS$28.00$21.7328.85%13.87%
Feb 15, 2024Patrick WalravensJMP Securities$32.00$32.55-1.70%30.13%
Feb 15, 2024Rich HillikerUBS$36.00$32.5510.58%46.40%
Jan 05, 2023-Jefferies$25.00$22.2612.31%1.67%
Nov 22, 2022Rich HillikerCredit Suisse$20.00$22.22-9.99%-18.67%
May 23, 2022-Jefferies$30.00$20.2748.00%22.00%
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The latest Dropbox stock forecast, released on Aug 21, 2024 by Thomas Blakey from KeyBanc, set a price target of $31.00, which represents a 29.09% increase from the stock price at the time of the forecast ($24.02), and a 26.07% increase from DBX last price ($24.59).

Dropbox Price Target by Period


1M3M12M
# Anlaysts135
Avg Price Target$31.00$30.33$31.80
Last Closing Price$24.59$24.59$24.59
Upside/Downside26.07%23.34%29.32%

In the current month, the average price target of Dropbox stock is $31.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 26.07% increase as opposed to Dropbox's last price of $24.59. This month's average price target is up 2.21% compared to last quarter, and down -2.52% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 21, 2024KeyBancOverweightOverweightHold
Aug 09, 2024Goldman SachsSellSellHold
Aug 09, 2024RBC CapitalOutperformOutperformHold
Aug 09, 2024UBSBuyBuyHold
Feb 15, 2024JMP SecuritiesMarket OutperformMarket OutperformHold
Feb 15, 2024UBS-BuyInitialise
Feb 15, 2024Goldman SachsNeutralNeutralHold
Aug 04, 2023Piper SandlerOverweightOverweightHold
Aug 04, 2023JMP SecuritiesOutperformOutperformHold
May 08, 2023Goldman Sachs-NeutralUpgrade
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Dropbox's last stock rating was published by KeyBanc on Aug 21, 2024. The company gave DBX a "Overweight" rating, the same as its previous rate.

Dropbox Financial Forecast


Dropbox Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$635.00M$633.00M$622.50M$611.10M$598.80M$591.00M-$562.40M$565.50M$550.20M$530.60M$511.60M$504.10M$487.40M$467.40M$455.00M$446.00M$428.20M
Avg Forecast$677.49M$672.08M$665.92M$655.02M$659.37M$654.15M$647.04M$638.62M$643.23M$637.23M$630.10M$629.06M$632.22M$628.46M$614.76M$602.22M$594.44M$586.25M$571.74M$560.22M$557.96M$544.34M$523.87M$505.27M$497.96M$483.66M$465.41M$445.60M$443.35M$423.48M
High Forecast$678.28M$672.87M$666.70M$655.80M$660.15M$654.92M$647.80M$639.37M$643.99M$637.80M$630.84M$629.80M$632.65M$629.50M$615.48M$602.93M$595.14M$586.94M$571.74M$562.14M$559.87M$546.20M$525.66M$507.00M$499.67M$485.32M$467.00M$447.12M$444.86M$424.92M
Low Forecast$677.02M$671.61M$665.46M$654.57M$658.92M$653.70M$646.59M$638.18M$642.79M$636.79M$629.66M$628.62M$631.95M$627.57M$614.33M$601.80M$594.03M$585.85M$571.74M$557.68M$555.43M$541.88M$521.50M$502.98M$495.71M$481.47M$463.30M$443.58M$441.34M$421.56M
# Analysts3333444436324854435233361010101055
Surprise %------------1.00%1.01%1.01%1.01%1.01%1.01%-1.00%1.01%1.01%1.01%1.01%1.01%1.01%1.00%1.02%1.01%1.01%

Dropbox's average Quarter revenue forecast for Mar 24 based on 2 analysts is $629.06M, with a low forecast of $628.62M, and a high forecast of $629.80M. DBX's average Quarter revenue forecast represents a -0.94% decrease compared to the company's last Quarter revenue of $635.00M (Dec 23).

Dropbox EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3333444436324854435233361010101055
EBITDA------------$110.00M$130.70M$56.50M$126.60M$284.20M$136.20M-$128.90M$128.30M$116.60M$127.80M$81.10M$-306.70M$74.50M$62.00M$79.30M$38.60M$25.20M
Avg Forecast$156.43M$155.18M$153.76M$151.24M$152.25M$151.04M$149.40M$147.46M$148.52M$147.13M$145.49M$155.17M$145.98M$145.11M$141.95M$141.06M$137.26M$106.88M$132.01M$128.24M$89.81M$97.17M$56.23M$70.64M$-255.58M$47.05M$43.76M$62.31M$33.09M$20.62M
High Forecast$156.62M$155.37M$153.94M$151.42M$152.43M$151.22M$149.58M$147.63M$148.70M$147.27M$145.66M$186.20M$146.08M$145.35M$142.11M$169.27M$137.42M$128.26M$132.01M$153.89M$107.77M$116.60M$67.48M$84.76M$-204.47M$56.46M$52.52M$74.77M$39.70M$24.74M
Low Forecast$156.32M$155.08M$153.65M$151.14M$152.14M$150.94M$149.30M$147.35M$148.42M$147.04M$145.39M$124.13M$145.92M$144.91M$141.85M$112.85M$137.16M$85.51M$132.01M$102.59M$71.85M$77.73M$44.99M$56.51M$-306.70M$37.64M$35.01M$49.85M$26.47M$16.49M
Surprise %------------0.75%0.90%0.40%0.90%2.07%1.27%-1.01%1.43%1.20%2.27%1.15%1.20%1.58%1.42%1.27%1.17%1.22%

2 analysts predict DBX's average Quarter EBITDA for Mar 24 to be $155.17M, with a high of $186.20M and a low of $124.13M. This is 41.06% upper than Dropbox's previous annual EBITDA (Dec 23) of $110.00M.

Dropbox Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3333444436324854435233361010101055
Net Income------------$227.30M$114.10M$43.20M$69.00M$328.30M$83.20M-$79.70M$124.60M$75.60M$88.00M$47.60M$-345.80M$32.70M$17.50M$39.30M$-6.60M$-17.00M
Avg Forecast$205.60M$206.02M$212.06M$208.95M$190.13M$191.52M$196.49M$190.26M$170.52M$172.24M$169.44M$93.83M$155.32M$158.72M$147.31M$85.30M$127.61M$69.30M$126.16M$77.55M$87.22M$63.00M$38.72M$41.46M$-288.17M$20.65M$12.35M$30.88M$-5.66M$-13.91M
High Forecast$205.91M$206.34M$212.39M$209.27M$190.42M$191.81M$196.79M$190.55M$170.78M$178.86M$169.70M$112.60M$158.55M$168.44M$147.54M$102.36M$127.81M$83.16M$126.16M$93.06M$104.66M$75.60M$46.46M$49.75M$-230.53M$24.78M$14.82M$37.05M$-4.53M$-11.13M
Low Forecast$205.41M$205.84M$211.87M$208.76M$189.96M$191.35M$196.31M$190.09M$170.37M$168.93M$169.29M$75.06M$148.85M$152.24M$147.18M$68.24M$127.50M$55.44M$126.16M$62.04M$69.78M$50.40M$30.98M$33.17M$-345.80M$16.52M$9.88M$24.70M$-6.79M$-16.69M
Surprise %------------1.46%0.72%0.29%0.81%2.57%1.20%-1.03%1.43%1.20%2.27%1.15%1.20%1.58%1.42%1.27%1.17%1.22%

Dropbox's average Quarter net income forecast for Mar 24 is $93.83M, with a range of $75.06M to $112.60M. DBX's average Quarter net income forecast represents a -58.72% decrease compared to the company's last Quarter net income of $227.30M (Dec 23).

Dropbox SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3333444436324854435233361010101055
SG&A------------$180.90M$166.30M$180.90M$175.00M$162.40M$160.40M-$149.20M$163.60M$173.60M$153.60M$161.30M$170.10M$170.90M$166.30M$143.30M$170.80M$169.20M
Avg Forecast$216.48M$214.75M$212.78M$209.30M$210.69M$209.02M$206.75M$204.06M$205.53M$203.62M$201.34M$175.65M$202.02M$200.81M$196.44M$159.68M$189.94M$159.13M$182.69M$145.17M$114.52M$144.67M$67.58M$140.49M$141.75M$107.94M$117.39M$112.59M$146.40M$138.44M
High Forecast$216.74M$215.00M$213.03M$209.55M$210.94M$209.27M$207.00M$204.30M$205.78M$203.80M$201.57M$210.78M$202.15M$201.15M$196.67M$191.62M$190.17M$190.96M$182.69M$174.20M$137.42M$173.60M$81.10M$168.58M$170.10M$129.52M$140.87M$135.11M$175.68M$166.12M
Low Forecast$216.33M$214.60M$212.64M$209.16M$210.55M$208.88M$206.61M$203.92M$205.39M$203.48M$201.20M$140.52M$201.93M$200.53M$196.30M$127.75M$189.81M$127.31M$182.69M$116.13M$91.62M$115.73M$54.07M$112.39M$113.40M$86.35M$93.91M$90.07M$117.12M$110.75M
Surprise %------------0.90%0.83%0.92%1.10%0.85%1.01%-1.03%1.43%1.20%2.27%1.15%1.20%1.58%1.42%1.27%1.17%1.22%

Dropbox's average Quarter SG&A projection for Mar 24 is $175.65M, based on 2 Wall Street analysts, with a range of $140.52M to $210.78M. The forecast indicates a -2.90% fall compared to DBX last annual SG&A of $180.90M (Dec 23).

Dropbox EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3333444436324854435233361010101055
EPS------------$0.67$0.34$0.13$0.20$0.93$0.23-$0.22$0.33$0.20$0.23$0.12$-0.84$0.08$0.04$0.09$-0.02$-0.04
Avg Forecast$0.64$0.64$0.66$0.65$0.59$0.59$0.61$0.59$0.53$0.53$0.52$0.50$0.48$0.49$0.46$0.37$0.39$0.38$0.37$0.37$0.37$0.35$0.33$0.31$0.24$0.18$0.17$0.14$0.14$0.11
High Forecast$0.64$0.64$0.66$0.65$0.59$0.59$0.61$0.59$0.53$0.55$0.52$0.50$0.49$0.52$0.46$0.37$0.39$0.38$0.37$0.37$0.37$0.36$0.33$0.31$0.24$0.19$0.17$0.14$0.14$0.11
Low Forecast$0.63$0.64$0.65$0.64$0.59$0.59$0.61$0.59$0.53$0.52$0.52$0.50$0.46$0.47$0.45$0.37$0.39$0.38$0.37$0.37$0.36$0.35$0.33$0.30$0.23$0.18$0.17$0.14$0.14$0.11
Surprise %------------1.40%0.69%0.29%0.54%2.36%0.61%-0.59%0.90%0.56%0.70%0.39%-3.56%0.43%0.23%0.66%-0.14%-0.37%

According to 2 Wall Street analysts, Dropbox's projected average Quarter EPS for Mar 24 is $0.50, with a low estimate of $0.50 and a high estimate of $0.50. This represents a -25.88% decrease compared to DBX previous annual EPS of $0.67 (Dec 23).

Dropbox Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
OKTAOkta$74.06$120.6962.96%Hold
VRSNVeriSign$182.81$254.0038.94%Buy
CCCSCCC Intelligent Solutions$10.89$13.6725.53%Buy
AKAMAkamai$98.53$119.7121.50%Buy
QLYSQualys$126.22$147.1416.57%Buy
EVCMEverCommerce$10.69$12.2914.97%Buy
DBXDropbox$24.59$28.0013.87%Buy
CCSIConsensus Cloud Solutions$22.53$25.0010.96%Buy
CSGSCSG Systems$46.93$52.0010.80%Buy
WEXWEX$198.71$216.649.02%Hold
FFIVF5$210.31$213.931.72%Hold
NEWRNew Relic$86.99$86.38-0.70%Buy
FLTCorpay$303.26$296.71-2.16%Buy
SQSPSquarespace$46.26$39.45-14.72%Hold
GDDYGoDaddy$152.28$129.53-14.94%Buy
ACIWACI Worldwide$48.53$40.67-16.20%Buy
CHKPCheck Point Software$195.17$154.65-20.76%Buy
IOTSamsara$47.44$36.75-22.53%Buy

DBX Forecast FAQ


Yes, according to 9 Wall Street analysts, Dropbox (DBX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 77.78% of DBX's total ratings.

Dropbox (DBX) average price target is $28 with a range of $20 to $32, implying a 13.87% from its last price of $24.59. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for DBX stock, the company can go up by 13.87% (from the last price of $24.59 to the average price target of $28), up by 30.13% based on the highest stock price target, and down by -18.67% based on the lowest stock price target.

DBX's average twelve months analyst stock price target of $28 does not support the claim that Dropbox can reach $40 in the near future.

1 Wall Street analyst forecast a $31 price target for Dropbox (DBX) this month, up 26.07% from its last price of $24.59. Compared to the last 3 and 12 months, the average price target increased by 23.34% and increased by 29.32%, respectively.

Dropbox's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.6B (high $2.6B, low $2.6B), average EBITDA is $600.15M (high $600.86M, low $599.74M), average net income is $768.39M (high $769.57M, low $767.7M), average SG&A $830.53M (high $831.51M, low $829.95M), and average EPS is $2.37 (high $2.38, low $2.37). DBX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.67B (high $2.67B, low $2.67B), average EBITDA is $616.62M (high $617.34M, low $616.19M), average net income is $832.63M (high $833.9M, low $831.88M), average SG&A $853.32M (high $854.32M, low $852.73M), and average EPS is $2.57 (high $2.58, low $2.57).

Based on Dropbox's last annual report (Dec 2023), the company's revenue was $2.5B, beating the average analysts forecast of $2.48B by 0.97%. Apple's EBITDA was $383.5M, missing the average prediction of $574.1M by -33.20%. The company's net income was $453.6M, missing the average estimation of $546.65M by -17.02%. Apple's SG&A was $703.1M, missing the average forecast of $758.95M by -7.36%. Lastly, the company's EPS was $1.33, missing the average prediction of $1.8 by -25.98%. In terms of the last quarterly report (Dec 2023), Dropbox's revenue was $635M, beating the average analysts' forecast of $632.22M by 0.44%. The company's EBITDA was $110M, missing the average prediction of $145.98M by -24.65%. Dropbox's net income was $227.3M, beating the average estimation of $155.32M by 46.35%. The company's SG&A was $180.9M, missing the average forecast of $202.02M by -10.45%. Lastly, the company's EPS was $0.67, beating the average prediction of $0.48 by 39.64%