DBX - 4 Reasons Dropbox Is Underappreciated
Dropbox (NASDAQ: DBX) went public in 2018 with a lot of hype and fanfare. Its IPO was reportedly 25 times oversubscribed, indicating there was tons of institutional interest in owning shares of the cloud storage platform. However, the three years since its IPO have been less than ideal for Dropbox with shares just slightly above its IPO price of $21. Maybe the expectations were too high for the Silicon Valley unicorn.
With Dropbox underperforming the broad market and significantly trailing its cloud peers (many of which are up triple digits over the past three years), many investors seem to have forgotten the company even exists. However, through the leadership of founder Drew Houston and other executives, the company is actually doing fine and seems to have broken away from its post-IPO woes. Here are four reasons why investors are underappreciating Dropbox.
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4 Reasons Dropbox Is Underappreciated