Market Overview

Citi Raises GoPro Inc Price Target

Citi Raises GoPro Inc Price Target
Related GPRO
Bulls & Bears Of The Week: Amazon, Apple, Ford, GE And More
74 Biggest Movers From Friday

Citi raised its price target for GoPro Inc (NASDAQ: GPRO) from $70 to $94. According to a research team lead by Jeremy David, GoPro’s new HERO4 should lead to higher average selling prices.

The new $500 HERO4 model is complemented on the low-end by the $130 HERO model. David’s team projected that nearly half of the high-end GoPro buyers will “graduate” to the higher-priced model.

Citi raised its “2015 revenue estimate by $76M to $1.64B on stronger ASPs,” which drove its “2015 EPS estimate to $1.19 from $1.06.”

David felt the stock could climb beyond $94 if retail data for Q4 is strong.

GoPro Inc closed at $90.94 on Monday, up 10.77 percent.

Latest Ratings for GPRO

Sep 2018OppenheimerUpgradesPerformOutperform
May 2018CitigroupMaintainsNeutralNeutral
Mar 2018CitigroupMaintainsNeutralNeutral

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

Posted-In: Citi Jeremy DavidAnalyst Color Price Target Analyst Ratings


Related Articles (GPRO)

View Comments and Join the Discussion!

Latest Ratings

BAPItau BBAUpgrades274.0
DVNJP MorganDowngrades37.0
EOGJP MorganUpgrades118.0
EXPDGoldman SachsDowngrades68.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Benzinga's Top Initiations

Taser International, Inc. Gets Another Order, Shares Up 4%