GoPro (GPRO) is broadening the market for its action cameras from sports enthusiasts to families, raising its growth prospects, says Cowen analyst Robert Stone. GoPro is redefining the consumer electronics category it created with its small, wearable Hero cameras, Stone said in a research report Thursday. The San Mateo, Calif.-based company built its business selling its cameras to surfers, skiers, bikers and other outdoor sports enthusiasts. Now
Two sessions ago GoPro (GPRO) was trading at its highest level in seven months, and its chart was just starting to show signs of improving health. But the action camera maker is now seeing some negative stock action amid the broader market sell-off. Shares dropped 5.4% in quick turnover in the stock market today, falling back below their 50-day and 200-day lines. Just two weeks ago, the 50-day line crossed above the 200-day, which signals that a
GoPro (GPRO) is set to fly, as the maker of tiny action cameras enters the drone business early next year, Citi Research analyst Jeremy David said in a research report Thursday. David upgraded GoPro stock to buy from neutral and raised his price target to 90 from 63, based on GoPro’s prospects in the market for flying cameras and virtual reality. GoPro stock was up 1.3%, near 63, in late-afternoon trading on the stock market today. “We view the