Dropbox Inc Class A
DBX: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$86.00 | Rqq | Mmnmwncvh |
We Continue to Have a Positive Outlook on Dropbox’s Pivot Away From Cloud Storage; Maintain $26 FVE
We are resuming coverage of no-moat Dropbox with a $26 fair value estimate. Shares appear slightly undervalued to us. Our long-term forecasts are unchanged, as we hold our view that the firm’s offerings as a content collaboration platform stands to benefit from secular tailwinds in an increasingly digitized world.