GoPro (GPRO) Receives Price Target

GoPro (GPRO) : 10 investment research analysts covering GoPro (GPRO) have an average price target of $13.3 for the near short term. The highest target price given by the Brokerage Firm to the stock is $21 and the lowest target is $7 for the short term. Analysts expect the variance to be within $4.61 of the average price.

GoPro (GPRO) : 15 analysts are covering GoPro (GPRO) and their average rating on the stock is 2.73, which is read as a Hold. 3 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 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Longbow Research initiates coverage on GoPro (NASDAQ:GPRO) The brokerage firm has issued a Neutral rating on the shares. The rating by the firm was issued on June 14, 2016.

GoPro (NASDAQ:GPRO): The stock opened at $14.94 on Thursday but the bulls could not build on the opening and the stock topped out at $14.95 for the day. The stock traded down to $14.14 during the day, due to lack of any buying support eventually closed down at $14.53 with a loss of -0.82% for the day. The stock had closed at $14.65 on the previous day. The total traded volume was 5,564,388 shares.

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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