JMP Securities analyst JMP Securities maintained a Buy rating on Dropbox (NASDAQ:DBX) Inc on Friday, setting a price target of $39, which is approximately 21.04% above the present share price of $32.22.
expects Dropbox Inc to post earnings per share (EPS) of $0.12 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Dropbox, with an average price target of $36.5.
The analysts price targets range from a high of $40 to a low of $29.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $511.6 million and a net profit of $59.8 million. The company's market cap is $12.59 billion.
According to TipRanks.com, JMP Securities analyst JMP Securities is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.7% and a 61.77% success rate.
Dropbox, Inc. is a collaboration platform that's transforming the way people and teams work together. It offers following products: Dropbox Basic, Plus, Professional and Business. The Dropbox Basic is the simple, powerful home for photos, videos, docs, and other files. Its users also get access to new product Dropbox Paper, a collaborative workspace that helps teams create and share early ideas, and work with any type of content, in one centralized place. The Dropbox Plus provides unrivalled sync along with 1 TB of space, powerful sharing features, and increased control. The Dropbox Professional allows independent workers to store, share, and track their work from one place. 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.