GoPro market unlikely to be cannibalized by smartphones

By | September 29, 2015

Scalper1 News

Action-camera maker GoPro (GPRO) got a lift Tuesday from a positive analyst report that pointed to continued growth for the company. Sterne Agee CRT analyst Rob Cihra initiated coverage of GoPro with a buy rating and price target of 45. GoPro stock was up 2%, above 30, in midday trading on the stock market today, after plunging more than 50% the past eight weeks. GoPro will see its growth slow in the fourth quarter because of difficult comparisons Scalper1 News

Scalper1 News