With negative sentiment weighing on GoPro (GPRO) stock, Dougherty & Company analyst Charles Anderson on Tuesday slashed his price target to 32 from 70. Anderson, though, also reiterated his buy rating on GoPro stock due to its current valuation. GoPro went public in June 2014 at 24 and ended its first day of trading at 31.34. It climbed to as high as 98.47 in October 2014 — and hit its all-time low of 27.07 on Thursday. In afternoon trading
The day after a particularly bearish price target cut left GoPro (GPRO) stock hitting an all-time low, falling as much as 7.7% Thursday and threatening to send it below its June 2014 IPO price of 24. The San Mateo, Calif.-based action-camera company closed down 5.9% at 27.60 in the stock market today. GoPro stock has tumbled 56% so far this year. Morgan Stanley analysts on Wednesday cut GoPro’s 12-month price target nearly in half — to 35 from 62
GoPro (GPRO), Apple (AAPL), Fitbit (FIT) and BlackBerry (BBRY) are four big-name consumer tech stocks that have been initiated by Sterne Agee CRT. Here’s a breakdown of which ones are seen as buys and why: Apple was initiated with a buy rating. The analyst notes that Apple has a recurring revenue model, since current Apple product users are big drivers of demand for new products. That opens up the possibility for a subscription to the Apple