So why is there any weakness in recent weeks combined with strength during last week’s tech sector sell off? We believe the sudden growth of shares outstanding from 220m to 400M may be concerning. Moreover, bottom line Dropbox is in an unusual position to show profits. It’s now looking for $1.366 billion to $1.372 billion in revenue across all of 2018 analysts are expecting $1.357 billion in revenue, according to Thomson Reuters.” As per this recent Dropbox news item “ the company raised its guidance for the full year. Moreover, guidance for next quarters is great. Dropbox continues to create revenue in a steady and stable way. However, in the interim, we have identified one particularly concerning data point which might explain recent weakness. We believe top and bottom line financials underpin a bullish outcome. Which scenario will take place: the bullish or bearish? That’s of course a key question to consider in any forecast, first and foremost this particular Dropbox stock forecast for 2019. Dropbox stock forecast for 2019: top and bottom line financials A bearish case will materialize once 23.50 USD is broken to the downside. Things have to be re-assessed once our first bullish target of 30.50 USD is met.Īs always, the flipside must be considered. This is the ultra bullish target, and certainly not a given that it will happen. So our bullish Dropbox stock forecast for 2019 is 30.50 which, if broken to the upside, might result in a test of the 38 to 40 area late in 2019.
In this scenario we will see 30.50 USD which might take place in 2019. A bullish Dropbox stock forecast for 2019 will take place if this stock will follow the path that we added as annotations: a third test of the resistance and support within the triangle, followed by a break outside of the triangle. There is certainly a bullish outcome that may materialize. This, of course, helps a lot in our attempt to do a Dropbox stock forecast for 2019. This is a strong combination, and increases the reliability of future moves within these structures. In it there is a falling triangle, and it really fits perfectly within the channel. With some effort we were able to find the dominant trend which is a mildly falling channel as shown on below chart. It is not easy to identify the dominant trends on it which makes it even more interesting: smart investors love the ‘hidden’ or ‘implicit’ trends because less people talk about them. The stock chart from Dropbox looks quite choppy.
Dropbox stock forecast for 2019: the chart
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