DBX Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for DBX for the next trading week:
Technical Analysis
The RSI(14) at 57.14 indicates a moderately bullish momentum but not yet overbought. The MACD at 0.56 shows positive momentum. The stock is trading above both its 20-day SMA ($31.64) and 200-day SMA ($25.67), confirming an overall uptrend.
Fibonacci Analysis Current Fibonacci levels show:
- Strong resistance: $32.85 (R2)
- First resistance: $32.57 (R1)
- Pivot: $32.12
- First support: $31.67 (S1)
- Second support: $31.39 (S2)
News Sentiment
- RBC Capital maintains a Buy rating with a $32 price target
- Recent insider selling activity by CFO Timothy Regan (2,500 shares) suggests some caution
- Mixed institutional sentiment with 190 institutions increasing positions while 228 reducing
- Strong earnings expectations with projected EPS of $0.62, representing 24% YoY growth
Price Target for Next Week Based on technical indicators and news sentiment:
- Bullish scenario (60% probability): $32.57 (R1)
- Neutral scenario (30% probability): $31.67-$32.12 (Between S1 and Pivot)
- Bearish scenario (10% probability): $31.39 (S2)
Trading Recommendation: BUY Entry point: Current price around $29.74 Target: $32.57 (R1) Stop loss: $31.39 (S2)
The stock shows strong fundamentals with positive earnings growth expectations and trades at an attractive Forward P/E of 11.34 compared to industry average of 21.96. Technical indicators and analyst ratings support an upward movement, despite some insider selling activity.
DBX Similar Chart Price Prediction
The price of DBX is predicted to go up -3.13%, based on the high correlation periods with LSTA. The similarity of these two price pattern on the periods is 98.83%.
DBX
LSTA
Down: -3.13%Similarity: 98.83%
DBX Revenue Forecast
DBX EPS Forecast
DBX FAQs
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DBX VS S&P500
Dropbox has the potential to materially grow its top line via its acquisitions in high-growth spaces of document sharing and e-signatures.
With the firm's focus on the individual and SMB space, Dropbox's large customer base gives it a long runway for lower-cost customer acquisitions.
Dropbox's large user base allows the company to rely on self-serve marketing, increasing the firm's operating leverage and improving its overall margin profile and free cash flow generation.
DBX Analyst's Forecast
Brent Thill
Jefferies
Hold
2025-01-06
Price Target
$27 → $30
Downside
-0.23%
Jefferies raised the firm's price target on Dropbox to $30 from $27 and keeps a Hold rating on the shares. A combination of second half weighted share performance in 2024 and a seasonally challenging Q1 leads the firm to believe a more cautious, selective approach to software going into 2025 is justified, the analyst tells investors. However, the firm adds that it expects the space to accelerate in the second half of 2025 on potentially more contributions from AI and as "positive revisions on conservative guidance come through."
