DBX Earnings expect up almost 8%Earnings expectation based on intuitive methods I'm practicing and journaling.
I will note my straight intuitive guidance is up and reverse down 4%.
DBX trade ideas
DropBox Technical AnalysisPrices are moving in a sideways trend.
If the resistance at 23 USD will be broken, it might be seen as a buy signal, otherwise the idea is to sell and let the prices move in the channel formed between the resistance of 23 usd and the support of 20.50
Fundamental News
Meeting the needs of a very large market, Dropbox (NASDAQ:DBX) offers cloud storage, team collaboration and work productivity solutions. After hosting a conference call with its SVP of Engineer, Product and Design Timothy Young, one analyst is even more optimistic about DBX’s long-term growth prospects.
Five-star analyst Alex Zukin, of RBC Capital, tells clients he sees “solid potential for the company’s new product strategy, which essentially aims to be a knowledge worker’s central engagement hub.” The platform allows employees to communicate and collaborate using DBX’s own products, integrated applications and other content including URLs and various types of files.
According to Young, technology across various consumer goods is transitioning from an “ownership model” to an “access model”, with the cloud enabling this shift to happen in the workplace as well. As a result, this prompted DBX to revamp its product and strategy. Going beyond managing files, the company is now “in the business of managing asynchronous communications across mediums and even other applications.”
Zukin explained, “We note that Dropbox is not the only vendor trying to serve this need, but Dropbox does view its role here as unique, nothing that while companies like Zoom and Slack are greater for short conversations and exchanges, Dropbox is trying to provide institutional long-term memory.”
As part of this updated strategy, DBX has placed a significant focus on shifting it from an OS/utility layer to a foreground application. “The company highlighted not only its new desktop app, but also tray and menu bars that bring contextual awareness to the knowledge workers and an ability to bring in new aggregation points around access,” Zukin commented. Adding to the good news, management stated its user base is incredibly loyal and has reacted positively to the product changes.
Everything that DBX has going for it keeps Zukin with the bulls. To this end, he maintained an Outperform rating and $30 price target. The implication? Upside potential of 39%.
Looking at the consensus breakdown, 5 Buys, 1 Hold and 2 Sells have been assigned in the last three months. So, DBX gets a Moderate Buy consensus rating. At $26.43, the average price target indicates 23% upside potential.
DBX play trade July 21Here some of my analysis for the week
If Dropbox break 23 will move forward to next resistance level 25
Is DBX going to grow beyond 20.84 on Monday?How to interpret the triangle and overall lows and highs?
DropBox Inc: My PositionCapital has been flowing into the tech sector since March of 2020. The only well known US tech company that I could find that wasn't hitting all time highs was NASDAQ:DBX . Low price shouldn't be the only reason you buy shares of a company. There needs to be other factors that confirm your contrarian bias.
Fundamentally what I know about DropBox, is their valuation are extremely high. There is no true value here from an asset perspective, however, we have to remember tech stocks are disconnected from reality and investors are happy to pay a premium (this is not to say this can last forever. One fundamental thing I do like about DropBox is the tools they create. They are developing a business suite similar to Microsoft Office, rather than just being a cloud storage company, which is what has been their business model historically.
Technically, I'm seeing a capitulation wick in march, an establishment of a base, and a breakout of that base, along with a breakout of the 100 and 200 week moving averages. There can still be decent pullbacks as this move gains some steam, so it's important to find a good entry point. I made my initial entry at $22.25.
If this up move continues, my targets sit at $26, $35, and $40 . This stock has potential to make new highs as investors search for where to park their capital. However, this all depends on how well the federal reserve does with liquidity. We are in an interesting economic situation.
I am closely watching $21 as support . If this is broken on the weekly chart, we are likely headed for $17.
I will assess the position week by week.
Dropbox at the bottom of its rising trend channel Dropbox has broken out of its negative trend channel around January 2020 and this area 21-22 $ seems like a great entry point if
the drawn trend channel holds up (there is some resistance at 23.5 $). Furthermore MACD gave a buy signal already in January 2020 and still no sell signal on the weekly chart has appeared. On the fundamental side, The Motley Fool also thinks it is a good buy: www.fool.com
DBX indicated head & shoulder on 5th June
Please share your feedabck , I am new to this platform and recently started analyzing patterns.
Your comments are welcome !
$DBX can rise in the next daysContextual immersion trading strategy idea.
Dropbox, Inc. provides a collaboration platform worldwide.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $23,53;
stop-loss — $22,32.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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DBX 23.5x seems to be significant level of support / resistance . hopefully can push through on good vol
DBXBased on analysis:
1. DBX formed a double bottom.
2. Breakout neckline price 23 USD with volume above average.
3. Traders are advised to take profit at price (1) 24 USD or (2) 24.50 - 25 USD.
Syeikh Hafiz
Stock Market Analyst
