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Expert: Keep An Eye On GoPro's Lesser-Known Peer

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Cody Willard, chairman of Scutify and former hedge fund manager, was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

Although noted for favoring high-growth technology stocks, Willard cautioned that GoPro Inc (NASDAQ: GPRO) may soon face margin pressure as Chinese cam-makers pose growing competition.

Which ever way the wind blows for GoPro, video chip-maker Ambarella Inc (NASDAQ: AMBA) may benefit, he added.

"They've got protection with proprietary technology," Willard said of Ambarella.

In Thursday afternoon trading, Ambarella is up more than 5 percent. GoPro has gained 3.6 percent.

Earlier this week, Pacific Crest mentioned in a note that Ambarella is attractive due to a diversified product mix, in addition to its camera chips.

John Seward contributed to this report.

Latest Ratings for GPRO

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

View More Analyst Ratings for GPRO
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