Firms Begin Coverage on GoPro as Analyst Quiet Period Ends - GoPro (NASDAQ:GPRO)

As the the analyst quiet period ends for GoPro

GPRO

a number of firms have initiated coverage on the company. The general sentiment appears to be that although GoPro is a solid company with a lot of room for growth, the stock's price already adequately reflects this. A list of some of the firms that have initiated coverage on GoPro today can be found below.

Barclays: Equal-weight, $45 price target "The 'Be a Hero' tag line is well recognized and has significant brand value, in our view. With nearly $1 billion in device and accessory revenues in 2013 its owns the action camera category."
Stifel: Hold, N/A "Although we see three-year earnings and cash flow growth as compelling and are enthused by the potential for a multi-faceted media platform, we believe the current share price adequately balances earnings power and media potential against execution risk."
JP Morgan: Overweight, $51 "GoPro is a profitable, fast-growth CE company, addressing a large market as the category-defining brand in professional-quality action cameras at consumer prices."
Piper Jaffray: Overweight, $48
Baird: Neutral, $43

Shares of GoPro have reacted favorably spiking up as much as four percent today, despite the majority firms taking the equivalent of a Neutral position on the stock.

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