Market Overview

UPDATE: Stifel Initiates Coverage On GoPro

Share:
Related
Morgan Stanley Sees GoPro Setting Sights On Q1 Demand
Top Performing Industries For January 28, 2015
What GoPro Stock Teaches About Greed and Sell Signals (Investor's Business Daily)

Earlier Monday, Stifel initiated coverage on GoPro (NASDAQ: GPRO) with a Hold rating, but has yet to set a price target.

Analyst Jim Duffy noted that he sees compelling growth for the company over the next three years. However, he believes the current price adequately reflects both this and GoPro's media platform potential against execution risks.

Duffy believes the company will post at least 20 percent three-year revenue growth, along with a 380 bps improvement in operating margins from 2013 to 2016. Based on this, he is forecasting a 30 percent-plus EPS CAGR from 2013 to 2016. He made sure to note that this does not include any upside potential from the development of the media platform.

Shares of GoPro are up about 3.8 percent.

Latest Ratings for GPRO

DateFirmActionFromTo
Dec 2014JP MorganUpgradesNeutralOverweight
Oct 2014WedbushMaintainsOutperform
Oct 2014WedbushInitiates Coverage onOutperform

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

Posted-In: Jim Duffy StifelAnalyst Color Initiation Analyst Ratings Movers

 

Related Articles (GPRO)

Around the Web, We're Loving...

Get Benzinga's Newsletters