With GoPro (GPRO) stock down hard in recent months, chatter is growing that the action camera maker could be an acquisition target. GoPro stock rose 3.5% to close at 17.91 on the stock market today and climbed fractionally after hours, as speculation swirls about a possible buyout of the San Mateo, Calif.-based firm. However, analysts are divided over whether such a deal could happen. FBR analyst Daniel Ives started the chatter in a report
GoPro (GPRO) stock tumbled on Monday after Morgan Stanley became the latest investment bank to lose faith in the maker of action cameras. Morgan Stanley analyst James Faucette cut his rating on the stock to underweight from equal weight and slashed his price target to 12 from 23. In his best-case scenario, GoPro stock could fall to 5 if action cameras become commodities and the market gets saturated. GoPro stock was down about 12% to below 17 in
Recent data suggest demand for GoPro (GPRO) action cameras is weakening, prompting a downgrade of GoPro stock by Citi Research. Citi analyst Jeremy David on Friday cut his rating on GoPro stock to neutral from buy and slashed his price target to 22 from 75. “We got it wrong,” David said about his firm’s previously bullish tone toward GoPro. GoPro’s second price cut in five months to its new Hero 4 Session camera and GoPro CEO Nick Woodman’s recent