Oppenheimer: GoPro To Hit Wall In 2015

head-mounted video camera is going to hit a wall next year amid growing competition and a limited market, an analyst said Friday. San Mateo-based GoPro gained nearly 13 percent Friday after beating third-quarter expectations and offering a promising year-end outlook. Its share value has nearly tripled since a June 25 initial public offering. But in a contrarian view, Oppenheimer's Andrew Uerkwitz said demand for GoPro's product is limited to those "interested in sharing their active lifestyle, or folks who enjoy a good video editing session" Although Uerkwitz thinks GoPro will turn in a bang-up holiday quarter, 2015 will reveal slowing growth. With the market for digital cameras and camcorders in decline since 2010, "it's hard to see longer term opportunities" for GoPro's products in North America and Europe, Uerkewitz said, maintaining a Hold and $45 target. If GoPro takes a serious swipe at the China market, local tech giants like