There wasn't too much excitement in Dropbox today which only managed to move up 0.66% on the day.
The company isn't at an immediate support or resistance level that might be predictive. Momentum wise Dropbox, has been oscillating up and down but hasn't shown much directional energy that would be predictive to the near future. DBX might find some support at the 22.06 level, buyers might push the price back up from here. But it's not very clear what will happen.
Analysts are currently taking a negative view on their future outlook for Dropbox. It's not really bad but definitely not good. The current Analysts Sentiment Score is -94.93. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. JPMorgan Chase & Co. released a downgrade on 2024-02-16 from Overweight to Neutral and dropped their 1 year price target to $30.00 which is down from $33.00. Bank of America released a downgrade on 2024-02-16 from Buy to Underperform and decided to decrease their price target by -17.65% down to $28.00. JMP Securities downgraded from Outperform to Market Perform on 2024-02-16. The Goldman Sachs Group downgraded from Neutral to Sell on 2024-02-16 and they lowered their price target by -7.69% to $24.00 from a previous target of $26.00. KeyCorp provided a price target boost of 15.63% to $37.00 from $32.00 on 2024-01-19. UBS Group initiated a rating of Buy on 2023-12-15 and provided a price target of $36.00. William Blair downgraded from Outperform to Market Perform on 2023-09-18. Citigroup reiterated a rating of Neutral on 2023-09-18 and provided a price target of $30.00. On 2023-08-04 Credit Suisse Group increased their price target by 22.22% to $22.00. Royal Bank of Canada gave a boost to their price target and moved to $32.00 from $30.00 on 2023-08-04.
| Company | Ratings Score
?
Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| DBX | -94.93 | 24.76 | -209.32 | 29.14 | -34.45 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| DBX | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
?
We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| DBX | 8.05 | %8.4 | 7.6 | 1.056 | 21490000 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| DBX |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SMAR | Smartsheet Inc. | 1.31 | -0.45 | 1.47 | -5.07 | -19.00 | -12.95 | -14.70 | 23 | -5.13 | -4.06 | -0.63 | -18060.43 | 171.04 | 0 | 0 | 2.32082 |
| ESTC | Elastic N.V. | 1.29 | 1.32 | 1.81 | -5.67 | -18.24 | 17.48 | 60.98 | 23 | 12.64 | 44.03 | 70.04 | -4534.06 | -21955.99 | 0 | 150 | 6.35 |
| DT | Dynatrace, Inc. | 1.19 | -0.63 | 2.29 | -0.78 | -21.00 | -3.42 | 8.80 | 36 | -3.23 | -1.82 | 4.56 | -6218.76 | -144.20 | 0 | 0 | 2.49902 |
| BL | BlackLine, Inc. Common St | 1.16 | -1.40 | -8.95 | -8.65 | -4.46 | 5.47 | -6.80 | 63 | 18.21 | 16.13 | 15.56 | -2317.73 | -8556.68 | 100 | 0 | 3.83131 |
| PAYC | PAYCOM SOFTWARE, INC. | 1.16 | 0.88 | -3.23 | -3.10 | -3.26 | -29.76 | -37.80 | 78 | -60.65 | -41.37 | -45.96 | -47113.96 | -1762.45 | 0 | 0 | 1.70052 |
| APPN | Appian Corporation Class | 1.11 | -1.50 | -9.38 | -10.75 | 3.04 | -16.88 | -13.95 | 58 | -13.88 | -24.98 | -21.33 | -15825.38 | -1757.94 | 0 | 0 | 11.8485 |
| HUBS | HUBSPOT, INC. | 1.1 | 0.61 | 2.50 | 5.12 | 11.58 | 46.92 | 56.70 | 56 | 115.93 | 31.23 | 54.22 | 169.46 | -31792.64 | 0 | 0 | 1.84177 |
| TTGT | TechTarget, Inc. | 1.1 | -0.66 | -2.29 | -16.39 | -18.39 | -0.26 | -20.37 | 35 | -0.90 | -0.37 | 4.44 | -35659.71 | -1568.49 | 0 | 0 | 5.36643 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
