Is Dropbox stock a good value today?
But despite the positive results, Dropbox stock remains flat over the last year and just slightly above its IPO price from four years ago. Let's see whether Dropbox could provide good value for investors today. Image source: Getty Images. It's no secret that Dropbox is facing fierce competition within the content collaboration sector.
What is the upside for Dropbox's stock?
Their forecasts range from $19.00 to $35.00. On average, they expect Dropbox's share price to reach $29.2857 in the next year. This suggests a possible upside of 46.0% from the stock's current price. View Analyst Price Targets for Dropbox.
What is Dropbox Business and how does it work?
The Dropbox Business is designed for small to enterprise level businesses, which users get full visibility and control over how critical work files are accessed and shared while letting team members continue to use the products. Dropbox was founded by Andrew W. Houston and Arash Ferdowsi in June 2007 and is headquartered in San Francisco, CA.
What are analysts'price targets for Dropbox's stock?
13 brokerages have issued 12 month price objectives for Dropbox's stock. Their forecasts range from $22.00 to $35.00. On average, they expect Dropbox's stock price to reach $27.64 in the next year. This suggests a possible upside of 35.5% from the stock's current price. View analysts' price targets for Dropbox.
See more
Is Dropbox a good stock to buy now?
Solid Q4 earnings Dropbox has been able to do this by steadily growing its paying users and average revenue per user (ARPU). At the end of 2021, Dropbox had 16.8 million paying customers, up from 14.3 million two years ago. ARPU was $133.73 in 2021, up from $123.07 in 2019.
How do I buy shares in Dropbox?
You log in to your online brokerage, search for Dropbox share, insert the number of shares you wish to buy, and click buy, which will initiate the purchase of shares (in trading lingo: execute the buy order).
Is Dropbox a Buy sell or Hold?
Dropbox has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Is Dropbox a growing company?
Looking for sustainable growth In the fourth quarter of 2021, Dropbox reported revenues of $565.5 million, up 12.2% from the year-ago period. For the full year, Dropbox did even better, posting 12.7% growth as it reached some $2.158 billion in revenue for the year.
Is Dropbox a buy Zacks?
Zacks' proprietary data indicates that Dropbox, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the DBX shares relative to the market in the next few months.
What's next for Dropbox?
Consensus estimates show that the market expects the firm's revenue growth rate to decline from 14% in 2020 to just 10% in 2022. The market also expects Dropbox to lose more market share given that the global cloud storage market is expected to grow much faster (by 22% compounded annually from 2020 to 2025).
Is DBX stock a good buy?
Out of 3 analysts, 1 (33.33%) are recommending DBX as a Strong Buy, 1 (33.33%) are recommending DBX as a Buy, 1 (33.33%) are recommending DBX as a Hold, 0 (0%) are recommending DBX as a Sell, and 0 (0%) are recommending DBX as a Strong Sell. What is DBX's earnings growth forecast for 2022-2023?
Is Dropbox losing market share?
Market Share Remains Robust Despite worries that newer competition might crush Dropbox, Dropbox remains the second most used SaaS cloud solution with 21% of the market share in 2021 according to Datanyze, trailing behind Google Drive with 35% of the market.
Who uses Dropbox the most?
We have data on 21,889 companies that use Dropbox. The companies using Dropbox are most often found in United States and in the Computer Software industry. Dropbox is most often used by companies with 10-50 employees and 1M-10M dollars in revenue....Who uses Dropbox?CompanyMWW Group LLCCompany Size1-1022 more rows
How does Dropbox make money?
Dropbox uses a freemium business model, where users are offered a free account with a set storage size, with paid subscriptions available that offer more capacity and additional features. Accordingly, Dropbox's revenue is a product of how many users they can convert to their paid services.
What is Dropbox worth?
Good news, investors! Dropbox is still a bargain right now. My valuation model shows that the intrinsic value for the stock is $23.43, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.
What does the future of Dropbox look like?
Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.
How do I buy Dropbox shares?
You can buy your first Dropbox shares in three steps. An important first step is to select a broker. At a broker, you can buy and sell shares. It is important to choose a reliable party where you can trade at low rates in the securities you are interested in.
Who is the CEO of Dropbox?
The CEO of Dropbox, Drew Houston, indicated in Fortune that they want to focus on software for large companies. This can be an interesting market, as companies are willing to pay money for good software. Moreover, under the influence of the corona pandemic, it is becoming increasingly important to store files online. The company has therefore entered into a partnership with the well-known Zoom Video Communication.
Is Dropbox a Nasdaq company?
Dropbox is registered to the well-known technology index Nasdaq. Immediately after launch the share increased in value. After the first day the share had already risen 35% in value. People who invested on the day of the IPO quickly achieved a good result.
Where is Dropbox located?
It offers a platform which enables users to store and share files, photos, videos, songs and spreadsheets. Dropbox, Inc. is headquartered in San Francisco, California.
Does Zackstrade endorse or recommend investment strategies?
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
What is Dropbox stock worth in 2020?
Dropbox's stock was trading at $16.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DBX shares have increased by 91.3% and is now trading at $30.91. View which stocks have been most impacted by COVID-19.
When is Dropbox earnings call?
Dropbox will be holding an earnings conference call on Thursday, August 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "8414818".
Is Dropbox a hold stock?
Wall Street analysts have given Dropbox a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Dropbox wasn't one of them.
How much will Dropbox repurchase in 2021?
Shareholder-friendly policies also on the books for 2021 include expectations to tap out its $600 million share repurchase programme and transition to a newer $1 billion authorisation. Over the longer term, Dropbox introduced multiple targets, including doubling annual free cash flow from $491 million in 2020 to more than $1 billion.
What is Dropbox's priority for 2021?
The first is evolving and improving its core product of helping users share content with each other. Management expects to improve its functionality, reduce friction, and make collaboration and file-sharing more seamless.
How many users does Dropbox have in 2020?
Dropbox reported fourth quarter and full-year 2020 results in February. The company ended the year with more than 700 million registered users, 15.48 million of which are paying users. Revenue, free cash flow, non-GAAP gross margin, and non-GAAP operating margin grew for the third consecutive year.
How much revenue does DBX have in 2020?
Paying users improved from 12.7 million in 2018 to 14.31 million in 2019 and 15.48 million in 2020. The average revenue per user improved from $117.64 in 2018 to $123.07 in 2019 and $128.50 in 2020. Additional metrics to model DBX stock predictions include a four-times improvement in the percentage of paying users on premium plans ...
What is the second acquisition of Docsend?
The second was the completed acquisition of DocSend, a secure document sharing and analytics company.
Is Dropbox going to exit?
Dropbox exited 2020 in a stronger position compared to prior years as it directly addressed sudden and new needs during the pandemic. But management is looking forward several years and presented investors with a reason to believe a bullish Dropbox share price forecast is warranted.
Is Dropbox a public company?
Dropbox operates on the cloud, which makes a user’s files accessible online from anywhere, at any time, and on any device. Many people that aren’t familiar with the company will certainly recognise its blue logo. Dropbox became a public company in early 2018 at $29 per share. The stock ran higher to an all-time high of around $40 per share within ...
Dropbox Stock is Attractively Undervalued
Relative to its work from home peers, Dropbox stock is very attractively valued.
Bottom Line on DBX Stock
Given that shares have lagged peers year-to-date and that the valuation is significantly discounted, Dropbox stock is the best work from home stock to buy today.
