Dropbox (DBX) stock closed higher, outperforming tech sector and S&P 500, with potential growth

From Nasdaq: 2024-09-13 18:15:07

Dropbox (DBX) closed at $24.59, up 1.32% from the previous day, surpassing S&P 500. Over the past month, DBX shares rose by 6.45%, outperforming the tech sector and S&P 500. Analysts expect an EPS of $0.52 and revenue of $636.93 million for Dropbox’s upcoming financial results.

The Zacks Rank system shows Dropbox at #3 (Hold) with a Forward P/E ratio of 10.93, reflecting discounted valuation compared to the industry. The PEG ratio stands at 0.89, signaling potential growth. The Internet – Services industry ranks in the top 37% of all industries, according to Zacks Industry Rank.

Zacks highlights a top semiconductor stock positioned for growth in AI, Machine Learning, and IoT markets. With booming global semiconductor manufacturing, projected to reach $803 billion by 2028, this stock offers substantial growth potential. Investors can access the full report on Zacks.com.



Read more at Nasdaq: Dropbox (DBX) Laps the Stock Market: Here’s Why