Market Overview

GoPro's Key To Expansion? Video Editing Software

GoPro's Key To Expansion? Video Editing Software
Related GPRO
Top Performing Industries For October 17, 2016
GoPro's Upgrades To Karma Play To Its Strengths
GoPro's Karma Vs. DJI's Mavic: It Doesn't Even Matter Now (Seeking Alpha)

Pacific Crest Securities issued a company spotlight on GoPro Inc (NASDAQ: GPRO) as the company's quarter ending checks met expectations. Pacific Crest rates GoPro as a Sector Perform, while a price target was unavailable.

Analysts Brad Erickson and Andy Hargreaves wrote, "we found fewer mid-tier and low-end GoPro models in the channel versus last month, which could benefit ASPs and margins. We were encouraged to find evidence that retailer gift card bundling for Hero 3+ Silver products continued despite low software development is the key to unlocking an accelerating TAM expansion thesis for the longer term as the action camera space will likely become more competitive over time."

Pacific Crest believes that a video editing software breakthrough is needed for continued accelerated growth for GoPro. While GoPro has a dominant market position and stable, expanding margins, any signs of improvement in the competition's products could drive further multiple compression for the company. Investors will be looking for GoPro to issue a clear picture of media monetization going forward which could be a positive catalyst for the stock.

Shares of GoPro closed Thursday at 41.96.

Latest Ratings for GPRO

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

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

Posted-In: Andy Hargreaves Brad Erickson Pacific CrestAnalyst Color Long Ideas Analyst Ratings Tech Trading Ideas Best of Benzinga


Related Articles (GPRO)

View Comments and Join the Discussion!