Tag Archives: gpro

GoPro stock cruises higher on second upbeat report

GoPro (GPRO) climbed higher Thursday after the stock received its second bullish analyst report in as many days. Shares of the action camera maker were up more than 3%, near 44, in early afternoon trading on the stock market today. Robert W. Baird & Co. analyst Mitchel Kummetz upgraded GoPro stock to outperform from neutral. He cited the strength of the GoPro brand, its wide distribution network and its position in the emerging action sports photography market. On Wednesday, FBN Securities analyst Shebly Seyrafi reiterated his outperform rating on the stock and called the company a “category killer.” He said concerns about low-cost cameras from Chinese consumer electronics firm Xiaomi have been overblown. Seyrafi has a price target of 75 on GoPro stock. GoPro is working on its follow-up to the current Hero 4 series of cameras. The Hero 5 camera likely will be released in October, according to media…

Apple, GoPro Chip Supplier Stocks Hit Hard

The major indexes took a beating on the stock market today, with top-rated chipmakers among the biggest losers. The Philadelphia Semiconductor Index dropped hard, falling 4.6% to close below the 50-day moving average. Several notable chipmakers took substantial hits, including Ambarella (AMBA), best known for being a GoPro (GPRO) chip supplier. Three Apple (AAPL) iPhone chip suppliers — Avago Technologies (AVGO), Skyworks Solutions (SWKS) and NXP

GoPro analyst calls bottom on stock with bullish report

Action camera maker GoPro (GPRO) received a vote of confidence Wednesday with a bullish report by FBN Securities analyst Shebly Seyrafi. Seyrafi called a bottom on GoPro stock, which has been trading below its 50-day moving average price line since Dec. 1. He reiterated his outperform rating on the stock, with a price target of 75. GoPro stock ended Tuesday at 41.83 but was up 2.5% in morning trading on the stock market today, near 43. GoPro stock GoPro stock ended Tuesday at 41.83 but was up 2.5% in morning trading on the stock market today, near 43. GoPro stock is “very attractive” at current levels, he said. “With shares now down by 58% from its 52-week high of $98 and by 37% over the past three months, investors have an opportunity to buy a category killer at an attractive price,” he said in a research report before the market…