Is It Time To Take A Look At Dropbox (dbx)?

Discussion in 'Investment Charts' started by Chartman, Feb 22, 2020.

  1. Buyonthedips

    Buyonthedips Senior Investor

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    This is one of those shares you buy and tuck away - it will either continue to grow and dominate the marketplace OR become such a pain in the side of the larger companies that it will become a takeover target. Either way, a very interesting play at these levels.
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    This share has done very well in recent times and while some chartists may suggest we are seeing a double top I think there is further upside. Users are being encouraged to upgrade to paid services as their space fills up and inevitably, as many people trust Dropbox, more and more people will take this up. Probably a buy on weakness but a buy all the same.
     
  3. Buyonthedips

    Buyonthedips Senior Investor

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    Even in these troubled markets the share price of Dropbox has remained relatively steady. I don't know whether anybody else has noticed but the company is now pushing paid services more and more. Those who already use Dropbox are unlikely to go elsewhere and will probably end up paying a relatively small amount for an extended service in the short to medium-term. This is a very interesting play!
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Dropbox has become an integral part of the business community and while there are competitors, few have anywhere near the same kind of name or reputation. The likelihood is that the company will eventually look to expand services and introduce different income streams which can only help the share price. They are probably a buy today in the longer term but preferably a buy on weakness if the markets wobble as we head towards a second wave of the coronavirus.
     
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