Dropbox Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Dropbox, Inc. (NASDAQ:DBX) is set to release its Q4 earnings after the market closes on Feb. 15, 2024. Analysts predict an earnings increase to 48 cents per share from 40 cents the previous year, with revenue expected to rise to $631.13 million from $598.8 million. Following a better-than-expected Q3, DBX shares rose 1.2% to $32.41. Analysts from Keybanc, UBS, Goldman Sachs, and JMP Securities have provided ratings and price targets, with adjustments reflecting optimism towards the company's performance.
February 15, 2024 | 2:43 pm
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Dropbox is anticipated to report increased earnings and revenue for Q4, with shares already rising 1.2% after Q3 results. Analysts have adjusted their ratings and price targets, indicating a positive outlook.
The expected increase in earnings and revenue, combined with recent positive performance and optimistic analyst ratings, suggests a potential short-term positive impact on DBX's stock price. The adjustments in price targets by analysts further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100