Market Overview

Stock Strategist Says GoPro Could Pull Off An 'Apple-Like Shocker'

Stock Strategist Says GoPro Could Pull Off An 'Apple-Like Shocker'
Related GPRO
Where There's Smoke, There's Not Always Fire: Be Careful With These 10 Rumor Mill Stocks
Are These Tech Companies Too Reliant On One Major Customer?
My Top 3 Picks For 2017 (Seeking Alpha)

Quantum Trading Strategies CIO Sean Udall was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

Sean Udall commented on GoPro Inc (NASDAQ: GPRO) ahead of its earnings release and noted that even though “the negativity got pretty ridiculous” surrounding the stock, “they could have a shockingly good quarter.”

“If you look at the full year number for GoPro, analysts don’t expect that much growth.” The consensus numbers could be “10 to 20 percent light on GoPro,” according to Udall.

Udall added that while there has been “a lot of weird negativity” on GoPro, such as concerns over its ability to become a media company, at $50 or below Udall would be comfortable riding the stock through the earnings report.

The stock strategist concluded that “if there’s a company that could produce an Apple-like shocker to the upside, it could be GoPro.” If they don’t beat, however, the “stock is going to get tortured again.”

Apple Inc. (NASDAQ: AAPL) reported record-breaking earnings last week.

Shares of GoPro recently traded at $52.28, up 0.79 percent.

Check out the full interview here:

Latest Ratings for GPRO

Jan 2017Longbow ResearchDowngradesNeutralUnderperform
Nov 2016WedbushDowngradesOutperformNeutral
Nov 2016Raymond JamesDowngradesOutperformMarket Perform

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

Posted-In: Apple Sean UdallAnalyst Color Exclusives Analyst Ratings


Related Articles (AAPL + GPRO)

View Comments and Join the Discussion!