Market Overview

Dougherty Analyst: GoPro Inc Cop Cams 'Far-Fetched' Despite Share Rally

Related GPRO
36 Biggest Movers From Friday
Cowen Names 4 Top Semi Picks: AMD, Ambarella, Broadcom, Monolithic Power

GoPro Inc (NASDAQ: GPRO) shares extended its gains Tuesday on little recent news other than the launch of a version of its body-mounted cameras adapted for dogs.

Although some have speculated that GoPro, which makes helmet-mounted cameras popularized by amateur sports daredevils, could enter the law enforcement market, an analyst Tuesday said that may be unlikely.

Dougherty & Co.'s Charles Anderson called the idea "far-fetched" because GoPro's technology is designed to offer relatively high-quality video at recording times of up to three hours, whereas the law-enforcement market requires an "always-on solution."

Moreover, Taser (NASDAQ: TASR) and Digital Ally (NASDAQ: DGLY) also offer elaborate, cloud-based data banking services that manage recordings for police departments.

"What Taser makes seems more relevant," Anderson told

Both Taser International and Digital Ally have seen major share rallies in the wake of civil unrest in Ferguson, Missouri, and calls to expand the use of body-mounted law enforcement cameras.

Separately, Anderson issued a bullish outlook on GoPro's prospects for holiday sales of its products in retail stores.

GoPro (NASDAQ: GPRO), which went public in June at $24 a share, traded recently at $54.19, up 4.6 percent.

Latest Ratings for GPRO

May 2018CitigroupMaintainsNeutralNeutral
Mar 2018CitigroupMaintainsNeutralNeutral
Feb 2018Bank of AmericaMaintainsUnderperformUnderperform

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

Posted-In: Charles Anderson DoughteryAnalyst Color News Intraday Update Analyst Ratings


Related Articles (DGLY + GPRO)

View Comments and Join the Discussion!