GoPro Retakes 50-Day, Ambarella Shoots Past 100

By | July 14, 2015

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GoPro (GPRO) and its big chip supplier Ambarella (AMBA) were boosted in the stock market today by two bullish analyst reports. Barclays upgraded the action camera maker to overweight from equal weight. The analyst noted GoPro’s execution with the Hero 4 and the Session camera as well as new developments with 360 degree video, drones and better software. Barclays also raised the stock’s price target to 65 from 50. GoPro is currently trading around Scalper1 News

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