Fintel reports that on July 18, 2023, Keybanc maintained coverage of Dropbox Inc - (NASDAQ:DBX) with a Overweight recommendation.
Analyst Price Forecast Suggests 1.37% Downside
As of July 6, 2023, the average one-year price target for Dropbox Inc - is 27.43. The forecasts range from a low of 18.18 to a high of $35.70. The average price target represents a decrease of 1.37% from its latest reported closing price of 27.81.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dropbox Inc - is 2,481MM, an increase of 4.52%. The projected annual non-GAAP EPS is 1.76.
What is the Fund Sentiment?
There are 880 funds or institutions reporting positions in Dropbox Inc -. This is a decrease of 32 owner(s) or 3.51% in the last quarter. Average portfolio weight of all funds dedicated to DBX is 0.29%, a decrease of 15.54%. Total shares owned by institutions decreased in the last three months by 0.78% to 261,701K shares. 
The put/call ratio of DBX is 0.81, indicating a bullish outlook.
What are Other Shareholders Doing?
Ameriprise Financial holds 17,067K shares representing 4.88% ownership of the company. In it's prior filing, the firm reported owning 16,813K shares, representing an increase of 1.49%. The firm decreased its portfolio allocation in DBX by 6.18% over the last quarter.
SLMCX - Columbia Seligman Communications and Information Fund holds 9,210K shares representing 2.63% ownership of the company. In it's prior filing, the firm reported owning 9,085K shares, representing an increase of 1.36%. The firm decreased its portfolio allocation in DBX by 12.14% over the last quarter.
Renaissance Technologies holds 8,646K shares representing 2.47% ownership of the company. In it's prior filing, the firm reported owning 8,070K shares, representing an increase of 6.66%. The firm increased its portfolio allocation in DBX by 0.39% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,089K shares representing 2.31% ownership of the company. In it's prior filing, the firm reported owning 8,066K shares, representing an increase of 0.29%. The firm decreased its portfolio allocation in DBX by 10.54% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 6,861K shares representing 1.96% ownership of the company. In it's prior filing, the firm reported owning 3,432K shares, representing an increase of 49.98%. The firm increased its portfolio allocation in DBX by 85.38% over the last quarter.
Dropbox Background Information
(This description is provided by the company.)
Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, the Company is on a mission to design a more enlightened way of working. Dropbox is headquartered in San Francisco, CA.
Additional reading:
- Dropbox Announces Fiscal 2023 First Quarter Results First Quarter Revenue of $611.1 Million, up 8.7% year-over-year; on a constant currency basis, up 11.6% year-over-year Net Cash Provided by Operating Activities of $139.9 Million and Free Cash Flow
- Hi everyone,
- List of subsidiaries of the Registrant.
- Dropbox Announces Fourth Quarter and Fiscal 2022 Results Fourth Quarter Revenue of $598.8 Million, up 5.9% year-over-year; on a constant currency basis, up 9.2% year-over-year Net Cash Provided by Operating Activities of $194.6 Million and Free Cash
- to Schedule 13G
This story originally appeared on Fintel.
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