Piper Jaffray Analysts Say Go Pro Inc. Is Well Positioned For A Strong Holiday Season

On Wednesday, analysts at Piper Jaffray Commented on shares of Go Pro Inc. GPRO.

Analyst Sean Naughton says Go Pro Inc. is poised for a strong holiday season with upside to guidance.

Naughton notes that All of Go Pro’s capture devices have ranked in top 100 electronics best sellers on Amazon on rolling 3-day basis since early Oct. and devices are featured in many Black Friday ads.

In addition, he sees Ambarella results as next catalyst for Go Pro and notes a strong relationship between Ambarella forecasts and Go Pro sales.

Shares of Go Pro are up 2 percent Wednesday morning.