GoPro estimates slashed on slowdown in camera demand

By | October 13, 2015

Scalper1 News

With negative sentiment weighing on GoPro (GPRO) stock, Dougherty & Company analyst Charles Anderson on Tuesday slashed his price target to 32 from 70. Anderson, though, also reiterated his buy rating on GoPro stock due to its current valuation. GoPro went public in June 2014 at 24 and ended its first day of trading at 31.34. It climbed to as high as 98.47 in October 2014 — and hit its all-time low of 27.07 on Thursday. In afternoon trading Scalper1 News

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