Dropbox (NASDAQ:DBX) Hits New 52-Week High – Should You Buy?

Posted by Francis Steltz on Oct 26th, 2026

Dropbox, Inc. (NASDAQ:DBX – Get Free Report) reached a new 52-week high during trading on Monday. The company traded as high as $38.17 and last traded at $38.1090, with a volume of 173,389 shares trading hands. The stock had previously closed at $37.83.

Analysts Set New Price Targets

DBX has been the topic of several research analyst reports. Wall Street Zen cut shares of Dropbox from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research raised shares of Dropbox from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 price target on shares of Dropbox in a research note on Thursday, September 3rd. William Blair upgraded shares of Dropbox from an “underperform” rating to a “market perform” rating in a report on Friday, August 7th. Finally, Weiss Ratings raised shares of Dropbox from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Dropbox currently has a consensus rating of “Reduce” and an average target price of $29.75.

View Our Latest Stock Report on Dropbox

Dropbox Stock Down 0.3%

The firm’s 50 day simple moving average is $34.97 and its 200-day simple moving average is $30.34. The company has a market capitalization of $8.51 billion, a PE ratio of 20.96, a P/E/G ratio of 5.57 and a beta of 0.63.

Dropbox (NASDAQ:DBX – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Dropbox had a net margin of 17.49% and a negative return on equity of 24.26%. The business had revenue of $631.50 million for the quarter, compared to the consensus estimate of $626.69 million. During the same quarter last year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dropbox, Inc. will post 1.94 EPS for the current fiscal year.

Insider Transactions at Dropbox

In related news, CAO Sarah Schubach sold 2,056 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $35.79, for a total value of $73,584.24. Following the completion of the sale, the chief accounting officer directly owned 130,821 shares in the company, valued at approximately $4,682,083.59. This represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Houston sold 29,500 shares of the firm’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $35.09, for a total value of $1,035,155.00. 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 951,100 shares of company stock worth $32,927,493 in the last quarter. 35.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dropbox

Hedge funds have recently modified their holdings of the stock. Elevation Wealth Partners LLC boosted its holdings in Dropbox by 63.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,363 shares of the company’s stock worth $46,000 after acquiring an additional 527 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Dropbox by 68.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,052 shares of the company’s stock valued at $47,000 after purchasing an additional 831 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Dropbox by 166.5% during the third quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company’s stock valued at $89,000 after purchasing an additional 1,635 shares during the period. Signaturefd LLC lifted its position in shares of Dropbox by 103.4% during the third quarter. Signaturefd LLC now owns 5,616 shares of the company’s stock worth $190,000 after purchasing an additional 2,855 shares in the last quarter. Finally, Founders Grove Wealth Partners LLC acquired a new position in shares of Dropbox during the third quarter worth $252,000. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

About Dropbox

(Get Free Report)

Dropbox, Inc (NASDAQ: DBX) is a software company that provides cloud-based tools for storing, organizing, sharing and collaborating on files. Its platform enables individuals, businesses and teams to access documents, photos and other content across connected devices, synchronize files and manage shared workflows.

The company’s offerings include Dropbox for cloud storage and file collaboration, Dropbox Paper for shared documents and project work, Dropbox Sign for electronic signatures, and DocSend for securely sharing and tracking business documents.