GoPro ambitions in media, drones dinged in negative report

By | January 16, 2015

Scalper1 News

Investors should steer clear of action camera maker GoPro (GPRO), says analyst provocateur Trip Chowdhry of Global Equities Research. Chowdhry took a negative position on GoPro in a research report Friday. He shot down GoPro’s aspirations of becoming a media company and said the company is vulnerable to being replaced as the go-to camera for drones. “Avoiding GoPro stock may be prudent,” he cautioned. GoPro (GPRO),  is just a camera company, not a media company or a drone company, Chowdhry said. The best platforms for GoPro to monetize its action videos are Facebook (FB) and Google’s (GOOGL) YouTube. But it has to split advertiser revenue with those companies. It will be impossible for GoPro to create its own video ad network and get the critical mass of content producers, advertisers and viewers, he said. Meanwhile, drone companies like DJI are adding their own cameras to their unmanned aerial vehicles, or drones… Scalper1 News

Scalper1 News