GoPro gets lift as skeptical analyst turns bullish
GoPro (GPRO) stock caught a tasty wave on Tuesday after getting a positive report from investment bank Barclays. Barclays analyst Joseph Wolf upgraded his rating on GoPro stock to overweight from equal weight and raised his price target to 65 from 50. He also boosted his 2016 sales and earnings estimates for the San Mateo, Calif.-based company. Shares of the action camera maker were up more than 5%, near 55, in afternoon trading on the stock market today. Wolf turned positive on GoPro based on the company’s strong execution, acquisitions, new products, external hires and continuing brand strength. In recent weeks, GoPro has introduced a tiny new waterproof camera called the Hero 4 Session and an entry-level model with a built-in LCD screen called the Hero+ LCD camera. GoPro CEO Nick Woodman also has outlined a product roadmap that includes aerial drones and 360-degree video cameras. The company’s total addressable…