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Posted July 14, 2015 by FTM Staff Analyst in NEWS
 
 

Barclays Upgrades GoPro to OW

This morning Barclays upgraded shares of GPRO to OW and raised it’s price target to $65 as solid execution, new products, acquisitions, external hires and continued brand strength turned from skepticism to optimism.

The analyst continued to highlight that the core hardware business remains strong and Google searches have trended up in the past 12 months. In addition, GoPro acquisition of Kolor and it’s entry in the drone market will bring new streams of revenue for the company.

Currently, there are 20 analyst covering the stock with 15 Buys and 5 Holds. The stock is up more than 3% in early trading. Check out the stock page for more details on which analyst have the best track record on this stock.

FTM Staff Analyst

 


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