Thus, the share price began a journey southwards, eventually reaching $14.55 this year.Īfter the onset of the coronavirus, an interesting thing happened to Dropbox stock. In hindsight, we now know that Dropbox stock wasn’t meant to trade at $40 back then. Those were good times for the bulls, but the euphoria didn’t last long. A Closer Look at Dropbox Stockīack in the summer of 2018, the bulls were on full display as they pushed the Dropbox stock price to the $40 level.

Impressive fiscal results, combined with a campus connection that underscores Dropbox’s utility as a connector of businesses and people alike, should convince the skeptics that Dropbox stock deserves a higher price and will get it soon enough. Could it be an undiscovered treasure waiting to be (please forgive me for the pun) unboxed? Viewed through this lens, it’s amazing that Dropbox stock isn’t more expensive.

Yet, Dropbox’s value as a facilitator of remote collaboration became all the more apparent in the wake of the pandemic. This trend was already in progress prior to the onset of the novel coronavirus.

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