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
Like one of its users’ daredevil videos, GoPro (GPRO) stock took a scary downhill ride on Monday after a Barron’s article called it an overpriced, one-hit wonder. GoPro stock was down more than 8% to above 32 in afternoon trading on the stock market today. GoPro went public in June 2014 at 24 and climbed as high as 98.47 in the months after its IPO. In an article Sunday, Barron’s said GoPro stock could fall to 25 as its latest product launch
GoPro (GPRO) stock got a lift Monday from an analyst report suggesting that the wearable camera maker could be an acquisition target. GoPro shares rose as much as 6.7% after Northland Capital Markets issued its bullish note on the company. Northland analyst Gus Richard rates GoPro stock as outperform with a price target of 80. GoPro ended the regular session Monday up 1.4% to 32.88. GoPro stock is trading around its lowest level since its IPO in