Market Overview

JMP Securities: 'Buy Now' Before GoPro Doubles


JMP Securities used Ambarella Inc's (NASDAQ: AMBA) earnings report on Tuesday as cause to turn more bullish on GoPro Inc (NASDAQ: GPRO) Wednesday morning. The analysts reiterated a Market Outperform rating and $105 price target on the stock.

Shares of GoPro traded recently at $41.60, up 3.2 percent.

JMP Securities modeled GoPro growth of 48 percent and 43 percent for the March and June quarters, respectively, with higher gross margins and a 30 percent revenue growth. The analysts said that FY15 non-GAAP EPS will be at $1.50, an increase from prior estimates of $1.45 and above the consensus estimates of $1.38. With the February lock-up expiration past, the analysts encouraged investors to start accumulating GoPro shares.

JMP identified several catalysts moving forward, including Hero4+ upgrade cycle, a cloud platform introduction, and expansion of GoPro's ability to harness new media opportunities.

Latest Ratings for GPRO

Sep 2018OppenheimerUpgradesPerformOutperform
May 2018CitigroupMaintainsNeutralNeutral
Mar 2018CitigroupMaintainsNeutralNeutral

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

Posted-In: JMP SecuritiesAnalyst Color Analyst Ratings Trading Ideas


Related Articles (AMBA + GPRO)

View Comments and Join the Discussion!

Latest Ratings

DRIBank of AmericaReiterates130.0
PVACNorthland SecuritiesUpgrades0.0
NKEWells FargoMaintains80.0
DRIWells FargoMaintains120.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Trader Essentials
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
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.
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.

Stocks Hitting 52-Week Highs

McDonald's Reports USA Segment Announcing New Antibiotics Policy, Menu Sourcing Initiatives