Dropbox Shares Receive 'Hold' Rating from Analysts

Brokerages give mixed reviews on cloud storage company's stock performance

Mar. 17, 2026 at 8:19am by Ben Kaplan

Got story updates? Submit your updates here. ›

Shares of Dropbox, Inc. (NASDAQ:DBX) have been assigned a consensus rating of "Hold" from the five ratings firms currently covering the stock, according to MarketBeat Ratings. One analyst has rated the stock as a "Sell", three have given a "Hold" rating, and one has assigned a "Buy" rating. The average 12-month price target among the brokerages is $27.50.

Why it matters

Dropbox's stock performance and analyst ratings are closely watched by investors as the company navigates the competitive cloud storage market. The mixed ratings reflect uncertainty around Dropbox's ability to maintain its growth and market position against larger rivals like Google and Microsoft.

The details

The analysts' ratings on Dropbox stock include a sell rating, three hold ratings, and one buy rating. Royal Bank of Canada lowered its price target on the stock from $35 to $30, while UBS Group and JPMorgan Chase & Co. both decreased their price targets to $23 and $25 respectively. The analysts cited concerns around Dropbox's ability to maintain its competitive edge and revenue growth.

  • Dropbox released its latest earnings report on February 20, 2026.

The players

Dropbox, Inc.

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

Royal Bank of Canada

A multinational financial services company that provides one of the analyst ratings on Dropbox stock.

UBS Group

A global financial services firm that also provided an analyst rating on Dropbox.

JPMorgan Chase & Co.

A multinational investment bank and financial services company that issued an analyst rating on Dropbox.

Got photos? Submit your photos here. ›

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 mixed analyst ratings highlight the challenges the company faces in maintaining its position in the competitive cloud storage market. Investors will be closely watching Dropbox's ability to innovate and differentiate its offerings to drive continued growth and profitability.