Like most business activities, mergers, and acquisitions (M&A) took a hit with the onset of the COVID-19 pandemic.

Although Dropbox faces stiff competition from well-capitalized behemoths, the company has carved out a niche for itself.

Keybanc initiated coverage of the security with a "sector weight" rating

Dropbox started as simply a cloud backup and storage provider. For a company with a vision to make work better, it was a good place to start and we should not forget that it was the leader in doing so giving it a fundamental legacy of success.

Dropbox recently announced its second quarter results that continued to outpace market expectations.

Governments across the world are gradually opening their economies and relaxing shelter-in-place measures but fears of coronavirus haven’t subsided

Jefferies analyst Brent Thill upgraded Dropbox to Buy from Hold with a price target of $28, up from $22.

Revenues for the first quarter grew 18% to $455 million, ahead of the market’s forecast of $452.2 million.

Investors were biting their fingernails as this earnings season began during an unprecedented economic shutdown.

According to a receipt report, the Enterprise Collaboration Market is expected to grow at 9% CAGR to $48.1 billion by 2024. Socially distancing requirements will fuel this growth even farther.

Dropbox is finally looking ripe for a buy as this cloud storage giant falls to an attractive valuation. DBX debuted its shares to the public in March of 2018 and has had a rocky ride since, with its share price tumbling 32% since.

Dropbox reported fourth-quarter earnings of 16 cents per share, which beat the analyst consensus estimate of 14 cents by 14.29%.

Take a look at three trading ideas for today and the days ahead.

The Enterprise Collaboration Market is estimated to grow at 9% CAGR to $48.1 billion by 2024 from $31 billion in 2019. Dropbox is a leading player in the industry that is gearing up its product portfolio.

Online smart workspace company Dropbox Inc reported strong third-quarter results while GAAP losses worsened year-over-year and likely contributed to the stock's weakness. Several analysts continue to favor the stock.

Dropbox went public last year, but since then, it has had a tumultuous year. Despite beating analyst expectations on performance, its stock price has fallen.