Brokerage Firm Rating Update on GoPro (GPRO)

GoPro (GPRO) : The consensus on GoPro (GPRO) based on 14 analyst recommendation on the company stock is 2.86, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

GoPro (GPRO) : The highest level GoPro (GPRO) is projected to reach is $21 for the short term and the lowest estimate is at $7. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $13.11 and the possibility the share price can swing is $4.85.


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

GoPro (NASDAQ:GPRO): stock was range-bound between the intraday low of $13.66 and the intraday high of $14.66 after having opened at $14.44 on Wednesdays session. The stock finally closed in the red at $14.44, a loss of -4.74%. The stock remained in the red for the whole trading day. The total traded volume was 7,384,010 shares. The stock failed to cross $14.66 in Wednesdays trading. The stocks closing price on Thursday was $14.57.

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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