To read this article on click here.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. (GOOGL) : Free Stock Analysis Reportĭropbox, Inc.
(NFLX) : Free Stock Analysis ReportĪlphabet Inc. Microsoft Corporation (MSFT) : Free Stock Analysis Report Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. The sky’s the limit! And the earlier you get in, the greater your potential gain. Its stock price is already starting to resume its upward arc. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025. This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus.
From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all. DBX is also part of an industry that rests in the top 12% of our more than 250 Zacks industries, and it might be worth taking a small bite out of at the moment.įrom thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. The company’s full-year fiscal 2020 earnings are then expected to jump nearly 50% to $0.74 a share.ĭropbox is currently a Zacks Rank #1 (Strong Buy) that rocks an “A” grade for Growth and a “B” for Momentum in our Style Scores system. This would mark solid growth on top of 2019’s 19% sales expansion.Īt the bottom end of the income statement, Dropbox’s adjusted Q2 EPS figure is projected to soar 60% to reach $0.16 a share.
Peeking ahead, the company’s full-year revenue is projected to jump 14% to $1.89 billion. Our Zacks estimates call for DBX’s second quarter earnings to climb 16%. Plus, the broader tech space has so far proven resilient to the coronavirus earnings downturn (also read: Covid-19 Pandemic Weighs on the Earnings Picture). DBX is also part of a larger group of stocks that could benefit from the current stay-at-home environment that includes Zoom ZM, Netflix NFLX, and many others.
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