Market Overview

Citi Raises GoPro Inc Price Target

Share:
Citi Raises GoPro Inc Price Target
Related GPRO
Silicon Valley Is Toast, According To This Analyst
Hot Stocks Among Shorts: Department Stores Remain In Focus
Don't Try to Catch a Falling Knife (GuruFocus)

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

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

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!