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UPDATE: JMP Securities Initiates Coverage On GoPro

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In a report released Tuesday, JMP Securities analyst Alex Gauna initiated coverage on GoPro (NASDAQ: GPRO) with a Market Perform rating and a $60.00 price target.

Gauna believes GoPro presents opportunity in a branded YouTube channel. GoPro so far has sold nearly 8.5 million devices and has 450 million GoPro Channel views. Gauna stated GoPro has grown its revenue at a 149 percent CAGR from 2010 to 2013 and currently projects the company's revenue to grow by 22 percent in 2014.

Latest Ratings for GPRO

DateFirmActionFromTo
Sep 2018OppenheimerUpgradesPerformOutperform
May 2018CitigroupMaintainsNeutralNeutral
Mar 2018CitigroupMaintainsNeutralNeutral

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

Posted-In: Alex Gauna JMP SecuritiesPrice Target Initiation Analyst Ratings

 

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