Tag Archives: gpro

GoPro rises on bullish note ahead of Q3 earnings

GoPro (GPRO) regained some mojo Tuesday after Wedbush Securities initiated coverage of the action camera maker with an outperform rating. Wedbush analyst Michael Pachter set a 12-month price target of 81 for GoPro (GPRO)  stock in a report Monday. GoPro was up 5%, near 68, in afternoon trading on the stock market today. The stock had fallen for four straight days before the rebound. Last week, Oppenheimer initiated coverage of the recent IPO with an underperform rating and a price target of 45. GoPro went public on June 26 at 24. The stock touched its all-time high of 98.47 on Oct. 7. Oppenheimer analyst Andrew Uerkwitz said the

GoPro stock has little upside at current price, report says

GoPro (GPRO) has a “tremendous franchise” in action cameras and online videos, but upside potential largely has been priced into the company’s recently public stock, Pacific Crest Securities said in a report Tuesday. Pacific Crest analyst Brad Erickson initiated coverage of the stock with a sector perform, or hold, rating. “We think there is optimism already priced in for the holiday quarter as well as around future media monetization opportunities,” Erickson said in his note. “With such a premium built in, we view GoPro’s risk/reward of significant further upside at current levels as relatively unfavorable.” GoPro stock was down 4.5% in morning trading on the stock market today, near 71.50. The stock has fallen the past five trading days after it touched a record high of 98.47 on Oct. 7. GoPro priced its June IPO at 24. “Our scenario analysis gives GoPro credit for hitting more…

GoPro, Palo Alto Lead 5 Hot Recent IPO Stocks

Young companies like GoPro often demonstrate the strongest growth in their heady early days, including share price gains. Today’s Screen Of The Day is Young Guns, top-rated companies that have gone public in the last 15 years. A second sorting reveals the five youngest companies on the list. Not surprisingly, the top five list is tech-heavy and populated with a few hot Chinese Web stocks. GoPro (GPRO) is newest kid on the block. The San Mateo,