DBX - When Will Investors Stop Doubting Dropbox?
2023-05-03 08:45:00 ET
Dropbox (NASDAQ: DBX) went through the classic rise and fall of a Silicon Valley start-up. A decade ago, the company was growing like gangbusters due to its innovative cloud file-sharing and storage services, even getting legendary Apple founder Steve Jobs trying to buy it out for almost $1 billion.
But the start-up world moves on to shiny new objects quickly, and by the late 2010s investors and news outlets stopped covering Dropbox en masse. The disregard for Dropbox has continued since its 2018 initial public opening (IPO). Shares are actually down from its IPO price of $21, even though Dropbox has put up consistent growth in users, revenue, and profits over the last five years.
Here's why I think Wall Street is underestimating Dropbox, making the stock an easy buy for investors today.
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When Will Investors Stop Doubting Dropbox?