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Is Dropbox Stock a Buy?

TheMotleyFool

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Many tech stocks tumbled this year as investors fretted over rising bond yields, inflation rates, frothy valuations, and tough post-pandemic comparisons for companies that benefited from stay-at-home measures. But one tech stock that weathered that storm was cloud storage provider Dropbox (NASDAQ: DBX).

Dropbox's stock has risen about 20% this year, but it still looks cheap at 18 times forward earnings. It's also trading above its IPO price of $21 again, after sliding below it in the final few months of 2020. Let's see why Dropbox's stock finally firmed up, and whether or not it's still a worthy investment today.

Image source: Getty Images.

Source Fool.com

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