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Posted June 3, 2015 by FTM Staff Analyst in NEWS
 
 

J.P. Morgan Raises Price Target for GoPro (GPRO)

Shares of GPRO are up 3% in pre-market trading after J.P. Morgan analyst Paul Coster reiterated its OW position and boosted it’s YE price target of the action camera maker to $75 from $70. The analyst highlighted that the pace of innovation is gathering momentum at GPRO.

FTM Chart

The analyst highlighted the upgraded cloud hosted app, the six-camera spherical array that captures images and video for virtual reality, the GoPro drone quadcopter and a new-entry level HERO camera with a touchscreen LCD screen on the back at a price point of $299.

J.P. Morgan average performance has been 57%. We will monitor shares of GoPro and see if Paul Coster’s performance will get better.

 

FTM Staff Analyst

 


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