GoPro slide continues; Stock could hit single digits

By | December 14, 2015

Scalper1 News

GoPro (GPRO) stock tumbled on Monday after Morgan Stanley became the latest investment bank to lose faith in the maker of action cameras. Morgan Stanley analyst James Faucette cut his rating on the stock to underweight from equal weight and slashed his price target to 12 from 23. In his best-case scenario, GoPro stock could fall to 5 if action cameras become commodities and the market gets saturated. GoPro stock was down about 12% to below 17 in Scalper1 News

Scalper1 News