GoPro (NASDAQ:GPRO) Receives a Downgrade
In a very recent research note revealed to clients and investors on Friday morning, professional analysts at Robert W. Baird’s division of equities cut shares of GoPro (NASDAQ:GPRO) stock from their previous Outperform rating to a Neutral. They now have a $18 Estimated Target Price on GPRO or a -4.91% downside.
From a total of 17 analysts covering GoPro Inc (NASDAQ:GPRO) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $90 while the lowest target price is $15. The mean of all analyst targets is $39.18 with a 132.91% above today’s ($18.93) stock price. GoPro Inc was the topic of 39 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Piper Jaffray maintained shares on November 18 with “Underweight” rating. Citigroup maintained shares with “Buy” rating and $90 target share price in a report from a September 17. Barclays Capital maintained GPRO stock in a recent report from October 29 with “Overweight” rating. Hilliard Lyons initiated the rating on September 8. Hilliard Lyons has a “Buy” rating and a $48 price target on shares. Finally, Dougherty & Company maintained the stock with “Buy” rating in a report issued on an October 13.
The stock decreased 5.77% or $1.16 during the last trading session, striking $18.93. Approximately 35,435 shares of stock traded hands. GoPro Inc (NASDAQ:GPRO) has declined 62.12% since May 1, 2015 and is downtrending. It has underperformed by 59.34% the S&P500.
GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. The company has a market cap of $2.60 billion. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. It has 15.74 P/E ratio. The Firm offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO.
According to Zacks Investment Research, “GoPro, Inc. engages in producing wearable HD camcorders, known as action cameras and related accessories. It also curates videos shot on its cameras and broadcasts those videos on its own channel on YouTube, Xbox Live and Virgin Atlantic flights. The company offers HERO line of cameras; premium accessories; and mounts comprising equipment-based mounts. It also offers other accessories that include spare batteries, charging accessories, cables to connect its GoPro cameras to televisions and monitors, video transmitters, external microphones, flotation devices, dive filters, and anti-fogging solutions, as well as accessories for the Wi-Fi remotes. GoPro, Inc. is headquartered in San Mateo, California.” Get a free copy of the Zacks research report on GoPro Inc (GPRO).