JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Dropbox (NASDAQ:DBX) Stock

Posted by Stanley Muller on Nov 9th, 2026

Dropbox (NASDAQ:DBX – Get Free Report) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $35.00 to $36.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 3.87% from the company’s current price.

DBX has been the topic of several other reports. William Blair upgraded shares of Dropbox from an “underperform” rating to a “market perform” rating in a research note on Friday, August 7th. Wall Street Zen raised Dropbox from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research raised Dropbox from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Stephens began coverage on Dropbox in a research note on Tuesday, November 3rd. They set an “equal weight” rating and a $39.00 price target on the stock. Finally, Weiss Ratings raised Dropbox from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, November 3rd. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Dropbox presently has a consensus rating of “Reduce” and an average price target of $35.60.

Check Out Our Latest Research Report on Dropbox

Dropbox Price Performance

Shares of Dropbox stock opened at $34.66 on Friday. The company has a 50-day moving average of $35.29 and a 200 day moving average of $29.25. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 2.84 and a beta of 0.61. Dropbox has a 1 year low of $21.69 and a 1 year high of $38.22.

Dropbox (NASDAQ:DBX – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.15. Dropbox had a negative return on equity of 22.35% and a net margin of 17.17%. The business had revenue of $637.30 million for the quarter, compared to analysts’ expectations of $629.59 million. During the same period in the prior year, the firm earned $0.74 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts anticipate that Dropbox will post 2.33 EPS for the current year.

Insider Activity

In related news, CFO Ross Tennenbaum sold 97,558 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $35.02, for a total transaction of $3,416,481.16. Following the transaction, the chief financial officer directly owned 690,666 shares in the company, valued at approximately $24,187,123.32. This represents a 12.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Houston sold 383,800 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $35.02, for a total value of $13,440,676.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,331,268 shares of company stock worth $46,553,783. 35.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of Dropbox by 12.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 8,533,736 shares of the company’s stock worth $193,886,000 after buying an additional 960,109 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Dropbox by 26.4% during 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 during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Dropbox by 4.7% in the third quarter. Russell Investments Group Ltd. now owns 2,237,858 shares of the company’s stock valued at $75,519,000 after buying an additional 100,398 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Dropbox by 2.8% during the 1st quarter. Pacer Advisors Inc. now owns 2,047,966 shares of the company’s stock valued at $46,530,000 after purchasing an additional 55,921 shares during the last quarter. Finally, KBC Group NV grew its stake in Dropbox by 12.6% in the 1st quarter. KBC Group NV now owns 944,829 shares of the company’s stock valued at $21,466,000 after buying an additional 105,876 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors.

Dropbox Company Profile

(Get Free Report)

Dropbox, Inc is a cloud software company that helps individuals and organizations store, access, sync and share files across devices. Its core Dropbox service also supports collaboration through shared folders, comments and tools for managing digital content.

The company offers products for a range of work and collaboration needs, including Dropbox Sign for electronic signatures and DocSend for sharing and tracking documents. Dropbox has also developed tools for reviewing creative content and organizing work, alongside integrations with other business applications.

Founded in 2007 by Drew Houston and Arash Ferdowsi, Dropbox serves customers around the world.