Future of Dropbox Stock
#tech #dropbox #dropboxcompany I’m joining dropbox in a couple of weeks as an ic2 SWE, they have given me good value in equity, I’m just wondering how it’s going to progress over the years Current TC - 150 Dbx TC - 275
Not sure if Dropbox has any competitive edge anymore so I wouldn't expect it to appreciate a lot
Joining soon too, the stock is probably the only uncertain part of the company, not expecting it to fluctuate much, but can't complain about the total compensation, it is still top of the market. Great people and WLB, enjoy life. Plan is, sell the stock when vested if things not looking good, and buy FANGG stock What is ur YOE OP?
3.5 yoe
📉📉📉
Lol Blind collectively is very bad at stock evaluations. Majority posters thought FB was a poor investment at 150 when they were in their troubles of the times. Majority thought Netflix was a poor investment at 300 when Disney+ was coming out and all the rage. Many saying, in the midst of the pandemic in March, that SQ, at 40$!, was a poor investment and going lower. This is all verifiable by looking at old threads. DBX sentiment is already priced in so low, they’re at like a 4x P/S ratio where other meme stocks people here pump are like 40x. All of their downsides are priced in, yet they keep growing revenue and profits quarter after quarter, and Houston is very intelligent. Long DBX 50-100
P/E ratio is 109... their fundamentals are pretty bad. If your target price is 50-100 you're actually delusional
Is that the only fundamental you know? They’re about to have 2B revenue at 7.6B valuation, with huge profit margins and positive free cash flow that’s steadily increasing quarter after quarter. Go take a look at the Income Statements. 50-100 just means 20b-40b valuation. 20b is achievable in next couple years on their steady trajectory with its dampened expectations. 40b if they manage to pull off their workspace pivot with surprise growth
Joining DBX soon at IC3 and into share market from last 4+ years and if you look at all the earning report n dbx’s fcf balance which is positive their future looks positive. 50-100 seems like a stretch but based on a bunch of analyst reports they are targeting dbx to reach 43~47 by end of 2023 which is great. This and bunch of other benefits higher Tc refreshers great people n wlb is the reason i declined my FB and TWITTER offers for DBX.
Lol in your dreams pal
Could be massively wrong, but it kinda feels as if DBX lacks any future vision at this point. It lost it’s edge years ago, has failed to diversify, and has lost all relevance. Not saying it cannot fix these things, but from the top down, it looks as if execs are happy with the payout of the IPO and are now cruising in cruise control.