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Action camera maker GoPro (GPRO) got another vote of confidence Tuesday with a bullish report from Piper Jaffray. Piper Jaffray analyst Erinn Murphy gave GoPro stock an overweight rating with a price target of 55. She assumed coverage of the stock from analyst Sean Naughton, who rated it as neutral. Murphy’s assessment marks the latest in a series of positive Wall Street reports since late March. Other research outfits putting out bullish GoPro reports lately include Baird, Dougherty, FBN and Pacific Crest. GoPro stock was up 3.5%, above 46, in afternoon trading on the stock market today. GoPro stock is up nearly 25% since touching a nine-month low of 37.13 on March 10. “This is a brand that is seeing rapid adoption that ranges from the outdoor enthusiast and the adventure ‘junkie’ to the daily user,” Murphy said. “More importantly, we see this as a brand that is currently benefiting… Scalper1 News
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