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NASDAQ: DBX

How to Buy Dropbox Stock

Buy DBX

Dropbox Inc

Dropbox, Inc. provides a collaboration platform worldwide. The company's platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features.

Dropbox stock last closed at $20.11, down 1.61% from the previous day, and has decreased 35.69% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.07 percentage points. Dropbox stock is currently +5.45% from its 52-week low of $19.07, and -36.1% from its 52-week high of $31.47.

At the moment, there are 368.8M DBX shares outstanding. The market capitalization of DBX is $7.42B. In the last 24 hours, 2.43M DBX shares were traded.

How to Buy Dropbox Stock

Wondering how to invest in Dropbox stock? Here's how.
  1. Figure out where to buy Dropbox stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Dropbox stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified. It's the best place to buy DBX stock.
  3. Deposit money your investment account: Choose your payment method and add your details.
  4. Evaluate Dropbox stock: The Dropbox ticker symbol is DBX. Is Dropbox stock a good investment? Should you buy shares of DBX? How do DBX's underlying business fundamentals look? Do top analysts think Dropbox is a good buy? Why has DBX's stock price moved recently? (Hint: Our stock market research website can help you decide if DBX is a good stock to buy).
  5. Execute your DBX trade: Decide if you will purchase DBX shares at the current market price or use a limit order to buy DBX stock at a given price.
  6. Get notifications regarding your investment in DBX: Create a watchlist to key updates about your investment in Dropbox stock.

Step 1: Figure out where to buy Dropbox stock

You will need a brokerage account in order to access the NASDAQ market and buy DBX shares.

A brokerage account enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our analysis, eToro is the best stock brokerage. eToro gives you:

  • You can invest in stocks with zero commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
  • Access to world markets: From Technology to Utilities, New York to London — you can fill your portfolio with stocks from the globe's leading stock exchanges.
  • Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the trades of top investors.
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Get $10 towards your your purchase of DBX shares by creating an account with eToro now.

Buy DBX Stock

Step 2: Create your brokerage account

Now that you've chosen you'll need brokerage, chosen to fill out some personal information so you are able to invest in DBX stock today.

How to Start a New Brokerage Account on eToro

  1. Click here to get started.
  2. Enter your personal details to create a new brokerage account.
  1. Submit your details by hitting the "Create Account" button.
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Step 3: Deposit money your investment account

Check out the walkthrough below to see the process of transferring funds into your new investment account.

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Step 4: Evaluate Dropbox stock

It's important to research stocks before you invest, so you actually understand the risk as well as the opportunity.

Dropbox Metrics

DBX Price
$20.11
1w %
-7.33%
1y %
-35.69%
5y %
N/A
P/E
21.86x
P/B
-13.66x
P/S
3.25x
PEG
15.02x
Revenue
$2.25B
Earnings
$341.90M
Fore. Rev. Growth
4.75%
Fore. Earn. Growth
1.62%
Market Cap
$7.42B
Next Earnings
Nov 2, 2022
Next Dividend
N/A

DBX Zen Score

WallStreetZen was built to help average investors perform more accurate fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on DBX's stock page.

Is DBX stock undervalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge DBX's fair value.

Using relative valuations measures:

  • DBX could be overvalued based on its P/E ratio of 21.86x, relative to Software - Infrastructure industry P/E ratio of 13.9x
  • DBX may be overvalued based on its PEG ratio of 15.02x

You can do more valuation analysis on DBX's stock here.

Is DBX a healthy company?

Positive Financial Indicators:

  • There are more short-term assets than short-term liabilities on the DBX balance sheet.
  • DBX profit margin has gone up from -8.7% to 15.2% in the past year.
  • DBX earnings of $339.80M is not enough to cover its interest payments.
  • DBX's operating cash flow of $745.50M allows it to safely service it's debt of $2.32B.

Negative Financial Indicators:

  • Total DBX debt is still negative.
  • There are more long-term liabilities than short-term assets on the DBX balance sheet.
  • DBX debt to equity ratio of -6.08 is negative.

Is it a good time to buy Dropbox stock?

Out of 5 sell side analysts who monitor DBX, the consensus analyst rating on DBX is a Buy

Should I buy or sell DBX stock?

Based on 5 analysts offering ratings for Dropbox Inc.
Buy
Strong Buy
3 analysts 60%
Buy
0 analysts 0%
Hold
2 analysts 40%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Most Recent DBX Analyst Upgrades/Downgrades

Thomas Blakey, a bottom 21% analyst from KeyBanc initiates coverage on DBX with a strong buy rating and announces their DBX price target of $30.00, on Sep 13, 2022.

Michael Funk, a bottom 19% analyst from Bank of America initiates coverage on DBX with a strong buy rating and announces their DBX price target of $34.00, on Sep 6, 2022.

Steven Enders, a bottom 26% analyst from Citigroup initiates coverage on DBX with a hold rating and announces their DBX price target of $24.00, on Sep 1, 2022.

Brent Thill, a top 7% analyst from Jefferies maintains DBX with a strong buy rating and lowers their DBX price target from $35.00 to $30.00, on May 23, 2022.

Edward Magi, a bottom 30% analyst from Berenberg initiates coverage on DBX with a hold rating and announces their DBX price target of $25.00, on Dec 2, 2021.

You can dig deeper into what analysts are forecasting on the Dropbox stock forecast page.

DBX Trading Indicators

SMA10
21.53
SMA20
21.64
SMA50
22.64
SMA100
21.97
SMA200
22.67
MACD
-0.54
MACD Signal
-0.37
MACD Histogram
-0.16
RSI
29.34
Stochastic %K
7
Stochastic %D
12.92
StochRSI %K
6.6
StochRSI %D
16.28

DBX Earnings

Last year, DBX earnings were $341.90M. During the last 2 year, DBX's earnings have increased by 262.53% per year. This was faster than the Software - Infrastructure industry average of 20.54%.

Last year, DBX revenue was $2.25B. During the past 4 year, DBX's revenue has grown by 15.89% per year. This was slower than the Software - Infrastructure industry average of 20.17%.

Find out more about DBX's earnings and revenue performance here.

Are DBX insiders buying or selling the stock?

In the last 12 months, insiders at DBX have sold more shares than they have bought.

Timothy Regan, Chief Financial Officer of DBX, was the latest DBX insider to sell. They sold $114,350.00 worth of DBX stock on Sep 12, 2022.

Learn more about who owns DBX shares here.

Does DBX stock generate passive income?

No, Dropbox doesn't provide an income stream by paying out dividends.

Get opinions from other traders

One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Execute your DBX trade

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a specific dollar amount, place a limit order.

Press the Open Trade button and your broker will execute the order.

If you require additional help investing in stocks on eToro, click the how to video below:

Buy DBX Stock

Step 6: Get notifications regarding your investment in DBX

Now that you own some DBX stock, you'll want to keep up with your investment.

Put DBX on a watchlist to track your DBX stock.

DBX Feed

How to Buy Stock in Dropbox

To reiterate, here are the 6 steps to buy Dropbox stock:

  1. Figure out where to buy Dropbox stock
  2. Create your brokerage account
  3. Deposit money your investment account
  4. Evaluate Dropbox stock
  5. Execute your DBX trade
  6. Get notifications regarding your investment in DBX

If you are looking for a online brokerage, eToro is our recommended venue.

Start investing with eToro today

If you want to get updates on your new investment in Dropbox, add DBX to your watchlist below.

$20.11-0.33 (-1.61%)
Updated Sep 23, 2022
Buy DBX Stock
$20.11-0.33 (-1.61%)
Updated Sep 23, 2022
Buy DBX Stock

FAQ

How much does it cost to buy one Dropbox share?

As of Sep 23, 2022, it costs $20.11 to buy one share of Dropbox stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.497 shares of DBX.

Start investing with eToro today

Is now a good time to buy Dropbox stock?

According to 5 Wall Street analysts who monitor Dropbox, their consensus recommendation is to buy Dropbox stock.

What is the best way to buy Dropbox stock?

The best way to buy Dropbox stock is within a brokerage account on eToro.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.