GoPro analyst calls bottom on stock with bullish report

By | March 25, 2015

Scalper1 News

Action camera maker GoPro (GPRO) received a vote of confidence Wednesday with a bullish report by FBN Securities analyst Shebly Seyrafi. Seyrafi called a bottom on GoPro stock, which has been trading below its 50-day moving average price line since Dec. 1. He reiterated his outperform rating on the stock, with a price target of 75. GoPro stock ended Tuesday at 41.83 but was up 2.5% in morning trading on the stock market today, near 43. GoPro stock GoPro stock ended Tuesday at 41.83 but was up 2.5% in morning trading on the stock market today, near 43. GoPro stock is “very attractive” at current levels, he said. “With shares now down by 58% from its 52-week high of $98 and by 37% over the past three months, investors have an opportunity to buy a category killer at an attractive price,” he said in a research report before the market… Scalper1 News

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