Dropbox Shares Hit New 1-Year Low

Analysts weigh in on the cloud storage company's latest stock performance and what may be next.

Published on Feb. 11, 2026

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Dropbox, Inc. (NASDAQ:DBX) saw its share price hit a new 52-week low during mid-day trading on Wednesday, with the stock trading as low as $24.37 before closing at $24.28 on volume of 1.2 million shares. The cloud storage company's stock has faced a series of downgrades from analysts in recent months, with one firm downgrading it from 'buy' to 'hold' and others lowering their price targets.

Why it matters

Dropbox's stock performance is being closely watched as the company navigates a competitive cloud storage market and works to expand its suite of collaboration tools for consumers and businesses. The new 52-week low raises questions about the company's growth trajectory and ability to maintain its position against larger rivals like Google, Microsoft, and Amazon.

The details

Several equity analysts have recently weighed in on Dropbox's stock, with Royal Bank of Canada decreasing its price target from $38 to $35 and maintaining an 'outperform' rating. Weiss Ratings reaffirmed a 'hold (c+)' rating, while Wall Street Zen downgraded the stock from 'buy' to 'hold'. The analysts cited concerns about Dropbox's ability to maintain its competitive edge and drive continued user and revenue growth.

  • Dropbox's share price hit a new 52-week low during mid-day trading on Wednesday, February 11, 2026.
  • In January 2026, one research analyst downgraded Dropbox from 'buy' to 'hold' rating.

The players

Dropbox, Inc.

A leading provider of cloud-based file storage, collaboration, and productivity tools, founded in 2007 and headquartered in San Francisco, California.

Royal Bank of Canada

An equity research firm that decreased its price target for Dropbox from $38 to $35 while maintaining an 'outperform' rating.

Weiss Ratings

An equity research firm that reaffirmed a 'hold (c+)' rating on Dropbox's stock.

Wall Street Zen

An equity research firm that downgraded Dropbox's stock from 'buy' to 'hold'.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Dropbox's latest stock performance and analyst downgrades highlight the challenges the company faces in maintaining its competitive edge in the crowded cloud storage market, as larger tech giants continue to invest heavily in their own collaboration and productivity offerings.