Sign-up for the Invezz newsletter, today. Therefore, there is a likelihood that the stock will drop to the support at $22.53 when the company publishes its quarterly results.Īre you looking for fast-news, hot-tips and market analysis? Notably, the accumulation and distribution indicator has formed a bearish divergence pattern. It has also moved slightly above the 25-day and 50-day moving averages. It has remained between the key support and resistance levels at $22.53 and $25.49. The daily chart shows that the DBX stock price has been in a tight range in the past few weeks.
Some of those who are optimistic about the company are Royal Bank of Canada, JMP Securities, and Jefferies. The median target for the stock is $33.60. Any signs of progress will help to push the share price higher.Īnalysts are generally optimistic about the DBX stock price.
In the past few years, the company has been attempting to target enterprise customers who are usually more stable and have less churn. Third, the DropBox stock price will react to the company's business transition. Historically, DropBox tends to be highly conservative in providing its future guidance. Second, the market will focus on the forward guidance. First, they will look at the headline figures and see whether the company’s performance strengthened or worsened in Q4. Investors will look at several things in its results. Judging by history, DropBox will likely beat its estimates considering that it has done that in all quarters since going public. It will also be an improvement from the $504 million that it made in the previous quarter. The DropBox stock price has also underperformed as a public company considering that it has fallen by more than 20% from its IPO date.Īnalysts expect that DropBox revenue increased to $558 million in the fourth quarter from $550 million in Q3. However, there are signs that the firm's growth is slowing, which explains why the stock has dropped by over 24% from its highest level in 2021. Started in 2007, the company has become a major firm in its industry with a market capitalization of more than $9.5 billion. DropBox earnings previewĭropBox is a leading technology company that offers cloud computing solutions to individuals and companies. The stock is trading at $24.90, where it has been in the past few days. The DropBox ( NASDAQ: DBX) stock price held steady on Thursday as investors waited for the company’s quarterly results scheduled for Thursday.
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