GoPro (GPRO) Receives ‘Analyst’ Rating

GoPro (GPRO) : Zacks Investment Research ranks GoPro (GPRO) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.86, which indicates as a Hold.

GoPro (GPRO) : The most positive equity analysts on GoPro (GPRO) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $13.11 with an expected fluctuation of $4.85 from the mean.


Also, Longbow Research initiates coverage on GoPro (NASDAQ:GPRO). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 14, 2016.

GoPro (NASDAQ:GPRO): After opening at $13.21, the stock dipped to an intraday low of $13.13 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.23 and the buying power remained strong till the end. The stock closed at $14.16 for the day, a gain of 8.34% for the day session. The total traded volume was 8,134,941. The stocks close on the previous trading day was $13.07.

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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