Analyst Rating Update on GoPro (GPRO)

GoPro (GPRO) : 17 analysts are covering GoPro (GPRO) and their average rating on the stock is 2.65, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. GoPro (GPRO) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

GoPro (GPRO) : The consensus price target for GoPro (GPRO) is $12.82 for the short term with a standard deviation of $4.26. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $21, however, the pessimist price target for the company is $7.

Company shares have received an average consensus rating of Hold for the current week Also, Longbow Research initiates coverage on GoPro (NASDAQ:GPRO) . Analysts at the Longbow Research have a current rating of Neutral on the shares. The rating by the firm was issued on June 14, 2016.


GoPro (NASDAQ:GPRO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.73 and $12.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.30, notching a gain of 5.98% for the day. The total traded volume was 7,593,365 . The stock had closed at $12.55 on the previous day.

GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO. The Company also provides a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts, such as the helmet, handlebar, roll bar, as well as grip and tripod mounts. The Company also offers two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its capture devices are sold through retailers, wholesale distributors and on the Companys Website.

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