Buy, Sell or Hold: Dropbox Inc (DBX-Q) — Stock Predictions at Stockchase

NASDAQ:DBX

20.44

0.27 (1.34%) 1d

Showing 1 to 6 of 6 entries

DON'T BUY

Problem is that it lacks earnings momentum. Also, Microsoft is so competitive. Look for other tech stocks.

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DON'T BUY

Like Slack, everybody loves this. But he regards this is an orphan without a catalyst to push it up.

Technology

RISKY BUY

Can't find all that much wrong, or right, with the stock. Price to book is 8x, so not cheap. Reasonable value for a hypergrowth stock, as it's only 18% overvalued. Technically, $17-17.50 should hold. At that level, could be looking at a nice trade.

Technology

COMMENT

It'll continue to benefit from work from home. Cloud computing will remain important. It'll be more and more important for them to upsell higher services to their customers. He prefers, likes and uses (in his office) CTXS which offers more office functionality than Dropbox currently. CTXS is also in the cloud business. Dropbox is seen as a platform to share documents, but the companies that will do well in this space are those that enhance office productivity.

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TOP PICK

Though not heavily covered, Dropbox has its fans. Tech-stock analyst Kim Bolton last month made Dropbox a top pick based on the ongoing work-from-home trend. However, most of DBX's 600 million users don't pay for Dropbox's file storage services, so the company is expanding into enterprise by purchasing HelloSign, a security software company known for its e-signature. The $230 million deal was Dropbox's first acquisition. Last month, Jefferies upgraded its price target of Dropbox from $22 to $28, hailing the company's double-digit revenue growth. The lockdown spiked Dropbox usage by 14% in March and 6% in April, though declined 4% in May. Dropbox reported 18% revenue growth in Q1, and analysts projects annual EPS growth at 32% over five years. Dropbox didn't suffer as sharp as decline during the March bottom, though it now trades just a dollar below its 52-week high of $24.14, and nearly $5 shy of its $27.70 price target. However, its PE is 455x.

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TOP PICK

It is challenging picking a Top Pick in tech as many of the companies are close to price targets. It will benefit from the trend in remote work. They have over 600 million users, most don't pay, so the challenge is to monetize that group. They are expanding into enterprise and they purchased a security software company. They make a good profit and their goal is to hit $1 billion in free cash flow within three years. Yield 0% (Analysts’ price target is $27.80)

Technology

Showing 1 to 6 of 6 entries

Dropbox Inc(DBX-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Dropbox Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Dropbox Inc(DBX-Q) Frequently Asked Questions

What is Dropbox Inc stock symbol?

Dropbox Inc is a American stock, trading under the symbol DBX-Q on the NASDAQ (DBX). It is usually referred to as NASDAQ:DBX or DBX-Q

Is Dropbox Inc a buy or a sell?

In the last year, there was no coverage of Dropbox Inc published on Stockchase.

Is Dropbox Inc a good investment or a top pick?

Dropbox Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Dropbox Inc.

Why is Dropbox Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Dropbox Inc worth watching?

0 stock analysts on Stockchase covered Dropbox Inc In the last year. It is a trending stock that is worth watching.

What is Dropbox Inc stock price?

On 2022-05-23, Dropbox Inc (DBX-Q) stock closed at a price of $20.44.

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