Scalper1 News
GoPro (GPRO) climbed higher Thursday after the stock received its second bullish analyst report in as many days. Shares of the action camera maker were up more than 3%, near 44, in early afternoon trading on the stock market today. Robert W. Baird & Co. analyst Mitchel Kummetz upgraded GoPro stock to outperform from neutral. He cited the strength of the GoPro brand, its wide distribution network and its position in the emerging action sports photography market. On Wednesday, FBN Securities analyst Shebly Seyrafi reiterated his outperform rating on the stock and called the company a “category killer.” He said concerns about low-cost cameras from Chinese consumer electronics firm Xiaomi have been overblown. Seyrafi has a price target of 75 on GoPro stock. GoPro is working on its follow-up to the current Hero 4 series of cameras. The Hero 5 camera likely will be released in October, according to media… Scalper1 News
Scalper1 News