![]() In terms of valuation, Dropbox is currently trading at a Forward P/E ratio of 16.76. Dropbox is holding a Zacks Rank of #2 (Buy) right now. Over the past month, the Zacks Consensus EPS estimate remained stagnant. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. ![]() Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. ![]() ![]() These revisions typically reflect the latest short-term business trends, which can change frequently. It is also important to note the recent changes to analyst estimates for Dropbox. ![]()
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