Brokers Issue Forecasts for Dropbox, Inc.’s Q1 2018 Earnings (DBX)

Dropbox, Inc. (NASDAQ:DBX) – Stock analysts at KeyCorp issued their Q1 2018 earnings estimates for shares of Dropbox in a report issued on Tuesday, April 17th. KeyCorp analyst R. Owens anticipates that the company will post earnings of $0.05 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $40.00 target price on the stock. KeyCorp also issued estimates for Dropbox’s Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.23 EPS, Q1 2019 earnings at $0.06 EPS, Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.34 EPS.

A number of other analysts have also recently weighed in on DBX. Piper Jaffray assumed coverage on shares of Dropbox in a research note on Tuesday. They issued an “overweight” rating and a $40.00 target price on the stock. Jefferies Group assumed coverage on shares of Dropbox in a research note on Tuesday. They issued a “hold” rating and a $31.00 target price on the stock. Macquarie assumed coverage on shares of Dropbox in a research note on Tuesday. They issued an “outperform” rating and a $34.00 target price on the stock. JPMorgan Chase assumed coverage on shares of Dropbox in a research note on Tuesday. They issued an “overweight” rating and a $32.00 target price on the stock. Finally, Deutsche Bank assumed coverage on shares of Dropbox in a research note on Tuesday. They issued a “buy” rating and a $36.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $33.15.

NASDAQ DBX opened at $28.92 on Thursday. Dropbox has a twelve month low of $27.75 and a twelve month high of $34.83.

In other Dropbox news, insider Arash Ferdowsi sold 2,333,333 shares of the business’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $20.07, for a total value of $46,829,993.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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About Dropbox

Dropbox Inc provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to create, access, and share content online. The company was formerly known as Evenflow, Inc and changed its name to Dropbox, Inc in October 2009. Dropbox Inc was founded in 2007 and is headquartered in San Francisco, California.

Earnings History and Estimates for Dropbox (NASDAQ:DBX)

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