Given the multi-years worth of underperformance and a frustrated investor base, does the latest Dropbox stock news justify buying shares at current levels?ĭropbox reported fourth quarter and full-year 2020 results in February. While the stock has staged an impressive rebound over the past year and is up more than 50%, Dropbox’s stock has still underperformed the broader Nasdaq index that is up around 85% over the same one-year period. In fact, the stock has never challenged its all-time highs and is down roughly 4% since its 2018 debut. The stock ran higher to an all-time high of around $40 per share within a few months of its public debut but has since lost all momentum. Many people that aren’t familiar with the company will certainly recognise its blue logo.ĭropbox became a public company in early 2018 at $29 per share. Dropbox operates on the cloud, which makes a user’s files accessible online from anywhere, at any time, and on any device. Read more: Crowdstrike (CRWD) stock forecast 2021-2025: strong earnings make it a top growth stock pickĭropbox (DBX) is a technology company that helps individuals and businesses securely store and share files with each other.Dropbox (DBX) stock forecast for 2021-2025: encouraging long-term strategy.US30 US Wall Street 30 (USA 30, Dow Jones)

Dropbox inc stock price