Advertisement
UK markets closed
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     
  • CRUDE OIL

    78.72
    +0.24 (+0.31%)
     
  • GOLD FUTURES

    2,324.80
    -6.40 (-0.27%)
     
  • DOW

    38,871.10
    +18.83 (+0.05%)
     
  • Bitcoin GBP

    50,664.04
    +164.91 (+0.33%)
     
  • CMC Crypto 200

    1,315.73
    -49.40 (-3.62%)
     
  • NASDAQ Composite

    16,342.65
    -6.60 (-0.04%)
     
  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     

Here's Why Dropbox (DBX) is a Strong Growth Stock

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

ADVERTISEMENT

Dropbox (DBX)

Dropbox offers a cloud-based platform that businesses and individuals can create, access and share digital content globally. It serves more than 700 million registered users across approximately 180 countries.

DBX sits at a Zacks Rank #2 (Buy), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 1.5% and 1.7% year-over-year, respectively.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $2.01 per share. DBX boasts an average earnings surprise of 13.5%.

Dropbox is also cash rich. The company has generated cash flow growth of 32.4%, and is expected to report cash flow expansion of 20.3% in 2024.

DBX should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Dropbox, Inc. (DBX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research