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Dropbox, Inc. (DBX) provides a collaboration platform worldwide. 
Its 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.
As of December 31, 2020, the company had approximately 700 million registered users across 180 countries. Dropbox is a leading global collaboration platform that’s transforming the way people and teams work together.
Shares have rebounded from a trendline support and have move to a new all time high. The momentum should carry the stock higher. The Company report August 5th.
On May 6th, Dropbox (DBX) reported 1st Quarter March 2021 earnings of $0.37 per share on revenue of $511.6 million. The consensus earnings estimate was $0.30 per share on revenue of $505.2 million.
The company said it expects second quarter revenue of $522.0 million to $525.0 million and now expects 2021 revenue of $2.118 billion to $2.13 billion. The company's previous guidance was 2021 revenue of $2.095 billion to $2.115 billion.
Entry Point: $31.70
Stop Loss: $30.00
Trading Range: $17.655 to $31.805
Target Price: $34.80
