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GoPro Sees Spike Up As Analyst Quiet Period Ends

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As the the analyst quiet period ends for GoPro (NASDAQ: 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 Monday 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 reacted favorably, spiking up as much as four percent. The stock closed Monday at $41.58, up 0.56 percent from the previous close.

Latest Ratings for GPRO

Sep 2016Bank of AmericaInitiates Coverage onBuy
Jun 2016Longbow ResearchInitiates Coverage onNeutral
Feb 2016Morgan StanleyMaintainsUnderweight

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

Posted-In: Baird Barclays JP MorganAnalyst Color News Price Target Initiation Analyst Ratings


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