Dropbox Rises 40% in 6 Months: Is the Stock Still a Screaming Buy?
Dropbox(DBX) ZACKS·2024-12-19 17:45
Dropbox’s (DBX) shares have gained 40% in the trailing six months, outperforming the broader Zacks Computer & Technology sector’s return of 8.3% and the Zacks Internet Services’ appreciation of 12.1%. Dropbox’s expanding AI-powered product portfolio has been a key catalyst in driving up the paid user base. Its strategy of leveraging AI to develop products that organize all cloud content on a single platform is a positive.DBX exited the third quarter of 2024 with 18.24 million paying users, marking sequentia ...