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UPDATE: FBN Securities Initiates Coverage On GoPro Inc

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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

DateFirmActionFromTo
Mar 2017CitigroupUpgradesSellNeutral
Mar 2017Goldman SachsDowngradesNeutralSell
Mar 2017CitigroupInitiates Coverage OnSell

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

Posted-In: FBN SecuritiesAnalyst Color Price Target Initiation Analyst Ratings

 

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