Stock Strategist Says GoPro Could Pull Off An 'Apple-Like Shocker'
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.”
Shares of GoPro recently traded at $52.28, up 0.79 percent.
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|Nov 2016||Raymond James||Downgrades||Outperform||Market Perform|
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