Currently, the most bullish analyst values Dropbox at US$34.00 per share, while the most bearish prices it at US$20.00. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There's been no major changes to the consensus price target of US$26.71, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. So the consensus seems to have become somewhat more optimistic on Dropbox's earnings potential following these results.

In the lead-up to this report, the analysts had been modelling revenues of US$2.48b and earnings per share (EPS) of US$0.85 in 2023.

Statutory earnings per share are expected to tumble 41% to US$0.91 in the same period. Taking into account the latest results, the most recent consensus for Dropbox from eleven analysts is for revenues of US$2.48b in 2023 which, if met, would be a reasonable 4.5% increase on its sales over the past 12 months.

Dropbox plus sale