Dropbox（DBX）株式概要
Dropbox, Inc.は、米国内外でコンテンツ・コラボレーション・プラットフォームを提供している。 詳細
DBX Community Fair Values
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Analyst Price Targets
Dropbox, Inc. 競合他社
価格と性能
| 過去の株価 | |
|---|---|
| 現在の株価 | US$36.48 |
| 52週高値 | US$38.17 |
| 52週安値 | US$21.70 |
| ベータ | 0.65 |
| 1ヶ月の変化 | 7.33% |
| 3ヶ月変化 | 40.47% |
| 1年変化 | 19.18% |
| 3年間の変化 | 35.66% |
| 5年間の変化 | 15.66% |
| IPOからの変化 | 28.09% |
最新ニュース
Seeking Alpha • Sep 15
Dropbox: User Rebound Encouraging, But This Remains A Dead Product (Downgrade)
Summary Dropbox is downgraded to a "Sell" after a 30% rally, with valuation disconnected from business fundamentals. DBX faces structural risks as AI-driven headcount reductions threaten its seat-based pricing model and long-term growth. Competitive pressures intensify, with Box dominating the enterprise market and Google Drive eroding Dropbox’s personal user base. Current valuation at ~4x revenue (in line with Box) is unjustified given Dropbox's limited moat and mounting strategic headwinds. Read the full article on Seeking Alpha
ナラティブ更新 • Sep 05
DBX: Dash Monetization Risks Will Constrain Future Earnings Multiple Upside
The analyst fair value estimate for Dropbox has moved from $21.00 to $23.00, reflecting recent Street research that cites better than expected Q2 fundamentals in the core business, alongside ongoing questions about Dash monetization and its impact on margins. Analyst Commentary Street research on Dropbox points to a mixed setup.
ナラティブ更新 • Aug 22
DBX: Future Returns Will Hinge On Uncertain New Product Monetization
Analysts have raised their average fair value estimate for Dropbox from about $26.17 to about $30.67, citing recent price target increases and research commentary that points to stronger core fundamentals, slightly better profit margins, and evolving views on monetization under the current leadership. Analyst Commentary Recent commentary on Dropbox points to a mixed but constructive debate on where the stock sits today.
ナラティブ更新 • Aug 08
DBX: Buybacks And Margin Discipline Will Support Higher Future Pricing
Analysts have lifted the Dropbox fair value estimate from $32.00 to $42.00 as they weigh stronger core business fundamentals, a slightly lower discount rate, modestly improved profit margin assumptions, and higher future P/E expectations against ongoing questions about Dash monetization and margins. Analyst Commentary Recent Street research on Dropbox highlights a mix of cautious and more constructive views, with the core debate still centered on how much value the market should place on the core file storage business versus newer products like Dash.Recent updates
Seeking Alpha • Sep 15
Dropbox: User Rebound Encouraging, But This Remains A Dead Product (Downgrade)
Summary Dropbox is downgraded to a "Sell" after a 30% rally, with valuation disconnected from business fundamentals. DBX faces structural risks as AI-driven headcount reductions threaten its seat-based pricing model and long-term growth. Competitive pressures intensify, with Box dominating the enterprise market and Google Drive eroding Dropbox’s personal user base. Current valuation at ~4x revenue (in line with Box) is unjustified given Dropbox's limited moat and mounting strategic headwinds. Read the full article on Seeking Alphaナラティブ更新 • Sep 05
DBX: Dash Monetization Risks Will Constrain Future Earnings Multiple Upside
The analyst fair value estimate for Dropbox has moved from $21.00 to $23.00, reflecting recent Street research that cites better than expected Q2 fundamentals in the core business, alongside ongoing questions about Dash monetization and its impact on margins. Analyst Commentary Street research on Dropbox points to a mixed setup.ナラティブ更新 • Aug 22
DBX: Future Returns Will Hinge On Uncertain New Product Monetization
Analysts have raised their average fair value estimate for Dropbox from about $26.17 to about $30.67, citing recent price target increases and research commentary that points to stronger core fundamentals, slightly better profit margins, and evolving views on monetization under the current leadership. Analyst Commentary Recent commentary on Dropbox points to a mixed but constructive debate on where the stock sits today.ナラティブ更新 • Aug 08
DBX: Buybacks And Margin Discipline Will Support Higher Future Pricing
Analysts have lifted the Dropbox fair value estimate from $32.00 to $42.00 as they weigh stronger core business fundamentals, a slightly lower discount rate, modestly improved profit margin assumptions, and higher future P/E expectations against ongoing questions about Dash monetization and margins. Analyst Commentary Recent Street research on Dropbox highlights a mix of cautious and more constructive views, with the core debate still centered on how much value the market should place on the core file storage business versus newer products like Dash.ナラティブ更新 • Jun 27
DBX: Repurchases And Margin Confidence Will Support Higher Future Pricing
The analyst price target for Dropbox has been raised from $30 to $32. Analysts point to updated fair value assumptions and refined views on long term margins, discount rates and future P/E multiples to support the change.ナラティブ更新 • Jun 13
DBX: Future Returns Will Depend On Execution And Buyback Fuelled Capital Allocation
Dropbox’s analyst price targets have edged higher by $1 as analysts factor in updated expectations around profitability, growth, and valuation reflected in slightly adjusted discount rate, revenue growth, profit margin, and forward P/E assumptions. Analyst Commentary Recent research on Dropbox highlights a mix of cautious optimism and renewed concern, with small price target adjustments and at least one downgrade shaping how analysts are thinking about valuation, execution, and growth.ナラティブ更新 • May 30
DBX: Future Earnings Will Hinge On Execution And Leadership Transition
Analysts lifted their implied fair value for Dropbox stock by about $0.67 to roughly $26.17, pointing to tweaks in assumptions around discount rate, revenue trends, profit margins and future P/E multiples. Recent $1 price target increases at BofA and Citi helped support that shift despite a downgrade from William Blair.分析記事 • May 15
Dropbox's (NASDAQ:DBX) Solid Earnings Have Been Accounted For Conservatively
Dropbox, Inc. ( NASDAQ:DBX ) announced a healthy earnings result recently, and the market rewarded it with a strong...ナラティブ更新 • Apr 23
DBX: Future Earnings Will Depend On Core Resilience And Ongoing Buybacks
Analysts have trimmed Dropbox's implied price target to about $25.50, reflecting a modest adjustment to valuation assumptions as Street research cites mixed recent results, slower growth trends into 2026, and the need for clearer traction from newer products such as Dash. Analyst Commentary Recent Street research on Dropbox reflects a more cautious stance, with several firms lowering price targets and adjusting ratings as they reassess growth, execution on new products like Dash, and how much investors are willing to pay for the story.ナラティブ更新 • Apr 09
DBX: Future Earnings Profile Will Rely On Core Stability And Capital Returns
Analysts have trimmed their average price targets on Dropbox to a range centered around $25 to $27. This reflects ongoing concerns about growth challenges, mixed recent results, and the need for clearer traction from products like Dash before considering a more constructive stance.ナラティブ更新 • Mar 26
DBX: Execution And Buybacks Will Shape Future Earnings Multiple Constraints
For Dropbox, the analyst price target in this framework increases from $20.00 to $21.00 as analysts factor in recent target cuts from Citi, UBS, RBC Capital, and JPMorgan, along with updated assumptions for growth, profitability, and future P/E. Analyst Commentary Recent Street research on Dropbox reflects a cautious tone, with several bearish analysts trimming price targets and one downgrade in coverage.ナラティブ更新 • Mar 11
DBX: Future Earnings Profile Will Depend On Core Stability And New Product Execution
Our updated narrative trims the analyst price target for Dropbox from $28.57 to $25.50, reflecting a series of recent target cuts from $30 to $27, $27 to $23, $35 to $30, and $29 to $25 as analysts point to ongoing growth challenges, mixed results, and limited evidence of traction from newer products like Dash. Analyst Commentary Recent research points to a more cautious stance on Dropbox, with several firms trimming their price targets and emphasizing execution on growth initiatives and new products like Dash as key swing factors for valuation.ナラティブ更新 • Feb 25
DBX: Buybacks And AI Investment Will Support Higher Future Pricing
The analyst price target for Dropbox has been reduced from $35 to $30 as analysts factor in mixed recent results, ongoing growth challenges, and questions around the pace of adoption and monetization for new products like Dash. Analyst Commentary Recent Street research on Dropbox reflects a cautious stance overall, but there are still some constructive signals for investors who are focused on execution and valuation.ナラティブ更新 • Feb 11
DBX: Execution And Competitive Pressures Will Constrain Future Earnings Multiple
Analysts kept their $20.00 fair value estimate for Dropbox steady while slightly adjusting assumptions around discount rate, revenue growth, margins and future P/E to reflect updated views on the risk profile and earnings power, without changing the overall valuation anchor. Analyst Commentary While the fair value estimate for Dropbox remains unchanged at $20.00, some elements of Street research highlight risks that readers should keep in mind when thinking about valuation and execution.ナラティブ更新 • Jan 26
DBX: Q3 Margin Strength And Guidance Shifts Will Shape Fair Value Outlook
Analysts have inched their fair value estimate for Dropbox higher to $28.57 from $28.13, reflecting updated assumptions around a slightly higher discount rate, a modest decline in expected revenue growth, a marginally stronger profit margin, and a lower future P/E multiple in light of recent research that includes RBC Capital's price target move to $38 after what it called decent Q3 results. Analyst Commentary Recent Street research on Dropbox has focused on how the latest quarterly results line up against expectations and what that might mean for valuation.ナラティブ更新 • Jan 11
DBX: Q3 Outperformance And Buybacks Will Support Higher Future Pricing
Analysts raised their fair value estimate for Dropbox to US$35 from US$32, citing the recent price target increase from US$35 to US$38 at RBC Capital and research that highlights stronger than expected Q3 revenue, billings, and operating margins, despite slightly softer annual recurring revenue. Analyst Commentary For Dropbox, bullish analysts are pointing to the recent price target increase to US$38 as a sign of confidence in how the company is executing against expectations.ナラティブ更新 • Dec 13
DBX: Rising Execution Risks Will Pressure Long Term Earnings Multiple
Analysts have modestly reduced their fair value estimate for Dropbox from $23.00 to $20.00 per share, reflecting a higher assumed discount rate, while also acknowledging slightly better long term margin prospects and a lower future earnings multiple. Analyst Commentary While recent earnings have demonstrated resilient profitability and solid execution, bearish analysts continue to flag a disconnect between Dropbox's share price and its long term fundamental outlook.Seeking Alpha • Mar 21
Dropbox: Losing Customers, Market Share, And Revenue
Summary Dropbox has faced near-zero growth and a stiff decline, struggling to compete with rivals like Box, which shows better growth rates. Despite a 10% gain over the past year, Dropbox's poor Q4 earnings and bleak FY25 outlook signal continued customer loss and revenue decline. Dropbox's subsidiary FormSwift is underperforming, and the company's AI product, Dropbox Dash, lacks compelling differentiation, worsening its competitive stance. Despite a cheap FCF multiple under 10x, given Dropbox's poor outlook and lack of growth prospects, it's advisable to steer clear and invest elsewhere. Read the full article on Seeking AlphaSeeking Alpha • Feb 26
Dropbox: I Expect Further Downside
Summary Dropbox shares are down around 15% since reporting Q4'24, guiding for revenue and user decline in 2025. The core business looks to be deteriorating with a vulnerable 80% gross margin and increased competition from other cloud storage providers. Dropbox Dash, the company's pivot to universal search, is so far not generating revenue and the product will likely face competition from other AI and big tech alternatives. I previously rated shares a sell at around $31, but I expect more downside from here. Read the full article on Seeking AlphaSeeking Alpha • Feb 18
Dropbox: Low Growth, Fair Valuation And Competition Risks
Summary Dropbox operates in a competitive market, showing strong features but limited EPS growth, leading to a "hold" rating. The company enhances governance and collaboration, reduces capex, and uses gen AI for productivity. Financially, Dropbox has better gross margins than Box but lags in revenue growth and efficiency, issuing significant debt for buybacks. Workforce restructuring and improved data governance in Dash AI present opportunities, but low growth and competition pose risks. Read the full article on Seeking AlphaSeeking Alpha • Jan 29
Dropbox: Terminal Value Component Remains An Enduring Question Mark
Summary Dropbox's attractive financials are overshadowed by concerns about terminal value risk, leading to market discounting and heightened stock volatility. Management's continued R&D spending despite stagnant growth raises questions, highlighted by a frustrating earnings call comparison to Netflix's evolution. Dropbox's efforts like Paper, Spaces, and Dash reflect survivorship bias, with many initiatives failing to reignite growth. We anticipated more aggressive acquisitions, but recent moves seem tangential, prompting us to step back and reconsider our investment stance. Read the full article on Seeking AlphaSeeking Alpha • Dec 27
Dropbox: Redundant With No Credible Pivots
Summary Dropbox is priced as a premium service but offers little more than its competitors. Growth in paying users has come to almost a halt, and canceling subscribers are unlikely to return. DBX's model was made for a different age. Today, users increasingly expect cloud storage to be free or as a benefit of signing up to a big tech ecosystem. Shares traded down to around $20 this year after DBX reported a decline in paying users in Q4'23 and guided below street expectations. Since then, shares have, in my opinion, unjustifiably rallied back to around $30. My outlook for Dropbox suggests shares should be valued at around $16 presenting a significant downside. Read the full article on Seeking AlphaSeeking Alpha • Nov 12
Dropbox: This Situation Is A Falling Knife
Summary Dropbox's user growth has nearly halted, with revenue growth sliding to low single digits and customer acquisition faltering, signaling more downside ahead. Dropbox faces stiff competition from Box and Google Drive, leading to an existential crisis and a major slowdown in user acquisition. Despite large free cash flows, Dropbox maintains a net debt position and lowered its cash flow guidance, pushing it further from its $1 billion FCF goal. AI features haven't boosted Dropbox's top-line growth, and increased churn rates question the stickiness and value of its subscription revenue base. Read the full article on Seeking AlphaSeeking Alpha • Oct 03
Dropbox: Business Has A Poor Competitive Position
Summary My recommendation for Dropbox is a hold rating due to its structurally disadvantaged position against larger competitors like OneDrive and Google Drive. Despite its competitive challenges, DBX remains a cash-generative business, with management actively returning capital to shareholders through buybacks and exploring ways to improve its FCF profile. DBX is not able to compete effectively, especially in a challenging macro environment. Read the full article on Seeking Alpha株主還元
| DBX | US Software | US 市場 | |
|---|---|---|---|
| 7D | 2.6% | 1.2% | -0.2% |
| 1Y | 19.2% | -11.2% | 11.9% |
業界別リターン: DBX過去 1 年間で-9.6 % の収益を上げたUS Software業界を上回りました。
リターン対市場: DBX過去 1 年間で12 % の収益を上げたUS市場を上回りました。
価格変動
| DBX volatility | |
|---|---|
| DBX Average Weekly Movement | 5.6% |
| Software Industry Average Movement | 9.4% |
| Market Average Movement | 6.8% |
| 10% most volatile stocks in US Market | 15.0% |
| 10% least volatile stocks in US Market | 2.9% |
安定した株価: DBX 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。
時間の経過による変動: DBXの 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。
会社概要
| 設立 | 従業員 | CEO（最高経営責任者 | ウェブサイト |
|---|---|---|---|
| 2007 | 2,113 | Drew Houston | www.dropbox.com |
Dropbox, Inc.は、米国および海外でコンテンツ・コラボレーション・プラットフォームを提供している。同社のプラットフォームでは、個人、家族、チーム、組織がウェブサイトやアプリを通じて無料でコラボレーションを行うことができるほか、有料のサブスクリプションプランを利用してプレミアム機能を利用することもできる。同社のプラットフォームは、コンテンツの統合ホーム、グローバルな共有ネットワーク、製品体験や統合などの様々な要素で構成されている。同社は、プロフェッショナルサービス、テクノロジー、メディア、教育、産業、消費者、小売、金融サービス業界の顧客にサービスを提供している。以前はEvenflow, Inc.として知られていたが、2009年10月にDropbox, Inc.に社名を変更した。Dropbox, Inc.は2007年に法人化され、カリフォルニア州サンフランシスコに本社を置いている。
Dropbox, Inc. 基礎のまとめ
| DBX 基礎統計学 | |
|---|---|
| 時価総額 | US$8.18b |
| 収益（TTM） | US$442.80m |
| 売上高(TTM) | US$2.53b |
17.9x
PER（株価収益率3.1x
P/SレシオDBX は割高か？
公正価値と評価分析を参照収益と収入
| DBX 損益計算書（TTM） | |
|---|---|
| 収益 | US$2.53b |
| 売上原価 | US$513.10m |
| 売上総利益 | US$2.02b |
| その他の費用 | US$1.58b |
| 収益 | US$442.80m |
直近の収益報告
Jun 30, 2026
次回決算日
該当なし
| 一株当たり利益（EPS） | 2.04 |
| グロス・マージン | 79.73% |
| 純利益率 | 17.49% |
| 有利子負債／自己資本比率 | -150.8% |
DBX の長期的なパフォーマンスは？
過去の実績と比較を見る企業分析と財務データの現状
| データ | 最終更新日（UTC時間） |
|---|---|
| 企業分析 | 2026/09/18 06:11 |
| 終値 | 2026/09/18 00:00 |
| 収益 | 2026/06/30 |
| 年間収益 | 2025/12/31 |
データソース
企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。
| パッケージ | データ | タイムフレーム | 米国ソース例 |
|---|---|---|---|
| 会社財務 | 10年 |
| |
| アナリストのコンセンサス予想 | +プラス3年 |
|
|
| 市場価格 | 30年 |
| |
| 所有権 | 10年 |
| |
| マネジメント | 10年 |
| |
| 主な進展 | 10年 |
|
* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。
特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。
分析モデルとスノーフレーク
このレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。
シンプリー・ウォールストリート分析モデルを設計・構築した ご紹介します。
業界およびセクターの指標
私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。
アナリスト筋
Dropbox, Inc. 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。22
| アナリスト | 機関 |
|---|---|
| Edward Magi | Berenberg |
| Zane Chrane | Bernstein |
| Matthew Bullock | BofA Global Research |