Wedbush on Monday issued a report on GoPro Inc GPRO ahead of the company's fourth-quarter earnings report due out on Thursday. GoPro is rated as Outperform with a one-year price target of $98.00.
Analysts Michael Pachter, Nick McKay and Alicia Reese wrote, “We expect a large Q4 beat driven by robust demand for the entry-level HERO...and higher than average pricing due to the introduction of new capture devices in Q4, including the HERO4 Black for $499.99, $100 above its predecessor.”
The analysts estimate that GoPro will post revenue of $600 million and EPS of $0.70, driven in large part by high demand for the entry level HERO camera.
Shares of GoPro closed Friday at $49.75.
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