GoPro (GPRO) : Analyst Rating Update

GoPro (GPRO) : Zacks Investment Research ranks GoPro (GPRO) as 3, which is a Hold recommendation. 4 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 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.65, 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 11 Wall Street Brokerage Firms. The average price target for shares are $12.68 with an expected fluctuation of $4.22 from the mean.

GoPro (NASDAQ:GPRO): The stock opened at $10.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.66 for the day. The stock traded down to $10.25 during the day, due to lack of any buying support eventually closed down at $10.59 with a loss of -0.56% for the day. The stock had closed at $10.65 on the previous day. The total traded volume was 2,966,497 shares.

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. The company shares have dropped -79.22% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $65.49 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $10.31 and the 200 Day Moving Average price is recorded at $12.10.

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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