Scalper1 News
Rocked by competitive concerns and a disappointing new product launch, GoPro (GPRO) is experiencing a “valuation reset” with investors, Cowen analyst Rob Stone said in a research report Wednesday. Stone reiterated his outperform rating on the action camera maker but slashed his price target on GoPro stock to 60 from 76. GoPro stock was down 3% to near 32 in midday trading on the stock market today. GoPro reached an eight-month high of 65.49 on Scalper1 News
Scalper1 News