Here is the new forecast for Dropbox (DBX)
What’s up with Dropbox?
Dropbox (DBX) opened at $21.01, which means the stock is up 11.00% from yesterday’s closing price of 20.34. Today, the company has a high of $21.94 and a low of $20.74. The company has a market cap of $9.38 billion with a 52-week high of $26.20 and a 52-week low of $14.55.
What about the future for Dropbox?
The high forecast for Dropbox is 37.00 while the low is 17.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Dropbox has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information DBX seems to be a safe buy.
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.