Dropbox (NASDAQ:DBX) Price Target Raised to $33.00

Dropbox (NASDAQ:DBX) had its price objective upped by research analysts at Citigroup from $28.00 to $33.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential downside of 5.20% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen raised shares of Dropbox from a “hold” rating to a “buy” rating in a research note on Sunday, June 28th. Bank of America restated an “underperform” rating on shares of Dropbox in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dropbox in a research report on Friday, July 31st. William Blair upgraded Dropbox from an “underperform” rating to a “market perform” rating in a report on Friday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Dropbox in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $28.25.

Dropbox Stock Performance

Shares of Dropbox stock traded up $0.27 during midday trading on Friday, reaching $34.81. 9,232,131 shares of the company’s stock traded hands, compared to its average volume of 3,987,865. The company has a market cap of $8.12 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 3.83 and a beta of 0.64. The stock has a 50 day moving average of $28.92 and a 200-day moving average of $26.40. Dropbox has a 12 month low of $21.69 and a 12 month high of $35.72.

Dropbox (NASDAQ:DBX) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. The business had revenue of $631.50 million for the quarter, compared to analysts’ expectations of $626.69 million. Dropbox had a net margin of 18.71% and a negative return on equity of 30.01%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, equities analysts anticipate that Dropbox will post 2.09 earnings per share for the current fiscal year.

Insider Activity at Dropbox

In other news, Director Andrew William Moore sold 8,443 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $27.57, for a total value of $232,773.51. Following the sale, the director directly owned 4,737 shares of the company’s stock, valued at $130,599.09. The trade was a 64.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Houston sold 37,498 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $25.96, for a total value of $973,448.08. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 130,945 shares of company stock worth $3,565,129 over the last 90 days. 35.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dropbox

Several hedge funds have recently added to or reduced their stakes in DBX. LSV Asset Management grew its stake in shares of Dropbox by 1.1% in the fourth quarter. LSV Asset Management now owns 11,735,641 shares of the company’s stock worth $326,251,000 after acquiring an additional 121,999 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Dropbox by 12.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,533,736 shares of the company’s stock worth $193,886,000 after purchasing an additional 960,109 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Dropbox by 1.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 5,095,485 shares of the company’s stock worth $153,935,000 after purchasing an additional 70,867 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Dropbox by 26.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 3,005,173 shares of the company’s stock worth $82,552,000 after purchasing an additional 627,111 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in Dropbox by 28.1% during the 4th quarter. Allianz Asset Management GmbH now owns 2,720,372 shares of the company’s stock valued at $75,626,000 after purchasing an additional 596,440 shares during the last quarter. 94.84% of the stock is owned by institutional investors.

Trending Headlines about Dropbox

Here are the key news stories impacting Dropbox this week:

• Positive Sentiment: Dropbox reported fiscal second-quarter 2026 adjusted earnings of $0.75 per share, exceeding the $0.74 consensus estimate and improving from $0.71 a year earlier. Revenue of $631.5 million also topped expectations of $626.7 million. Dropbox Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its 2026 outlook, while improving core file, sync and sharing trends, growth in paying users and expanding artificial-intelligence capabilities provide potential support for future results. Dropbox Q2 Earnings Beat Estimates on Core FSS, 2026 Outlook Raised
• Positive Sentiment: Dropbox forecast third-quarter revenue of $627 million to $630 million, above the $625.9 million analyst consensus, signaling expectations for continued operating momentum. Dropbox Earnings Conference Call
• Positive Sentiment: The company’s AI-powered search initiatives could help differentiate Dropbox, improve content discovery and create new opportunities to increase engagement and monetization. Can Dropbox Redefine Itself Through AI-Powered Search?
• Neutral Sentiment: Despite the earnings beat, quarterly revenue increased only 0.9% year over year. This reinforces the view that Dropbox must accelerate growth beyond its mature core storage and collaboration business. Dropbox Shares Decline Despite Earnings Beat as Revenue Growth Disappoints

Dropbox Company Profile

Dropbox, Inc (NASDAQ: DBX) is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.

At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.