UPDATE: FBN Securities Initiates Coverage On GoPro Inc
Article has since been updated (at about 3:08 p.m. EDT): FBN Securities Offers Insight Into GoPro Inc Coverage
Analysts at FBN Securities initiated coverage on GoPro Inc (NASDAQ: GPRO) with an Outperform rating and $70 price target.
Analysts highlight reasons for the initiation:
- Best-of-breed in action cameras. GoPro’s new HERO product line offers the best action camera.
- Expanding into content management with GoPro Studio and GoPro App.
- Large international growth opportunity/strong distribution. GoPro Currently receives 38% of its revenue from international markets.
- GoPro is becoming a household brand.
Shares of GoPro traded recently at $57.40, down 2.3 percent.
Latest Ratings for GPRO
|Mar 2017||Goldman Sachs||Downgrades||Neutral||Sell|
|Mar 2017||Citigroup||Initiates Coverage On||Sell|
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