Tag Archives: gpro

GoPro a hit with teens, but stock buffeted by downgrade

Highflying stock GoPro (GPRO) was buffeted Wednesday by an analyst downgrade, despite a survey showing the company’s action cameras are a hit with U.S. teenagers. GoPro stock fell 4% to 89.93 on the stock market today. On Tuesday, GoPro hit an all-time high of 98.47. The San Mateo, Calif., consumer electronics company went public at 24 on June 26. Piper Jaffray analyst Sean Naughton late Tuesday cut his rating on GoPro to neutral from overweight, with a price target of 90. “The current valuation leaves little room for additional upside,” Naughton wrote. “We remain bullish on GoPro’s growth opportunity, both in the near term and longer term, but would wait for a more attractive entry point.” Meanwhile, Piper Jaffray’s 28th semi-annual “Taking Stock With Teens” survey showed the increasing popularity of GoPro cameras. In a fall survey of 7,200 U.S. high school students, 17.2% indicated that their family owned a…

GoPro Stock Whipsawed By Analyst Comments

GoPro (GPRO) stock continued its wild ride Tuesday into the night, soaring to a new high of 98.47 intraday, reversing lower before closing modestly higher at 93.85 on the stock market today. After the close, shares of the high-definition wearable camera maker retreated on a Piper Jaffray downgrade. During the day, Barclays raised its price target to 60 from 45 — still far below GoPro current valuation. Analyst Joseph Wolf said business is strong, but

GoPro Hero4 Black camera sees ‘powerful’ early demand

The new flagship action camera from GoPro (GPRO), the Hero4 Black, is selling briskly after debuting at retail stores on Sunday. JMP Securities analyst Alex Gauna raised his price target on GoPro stock Monday way up to 105 from 60 based on upbeat sales data for the Hero4 Black. GoPro stock was up nearly 8% in afternoon trading in the stock market today, near 93.50. Gauna’s firm checked with retail stores on the East Coast and in the Midwest, Texas and California on Sunday. “What we found was really powerful first-day demand for the Hero4 Black,” he told IBD. “And that’s important because (the Hero4 Black carries) a new higher price point for the company.” The Hero4 Black costs $499, a 25% increase over the high end of its price range last year. The previous top-of-the-line model was the Hero3+, which cost $399. “Those stores that were willing to talk…