GoPro (GPRO): New Product Line Looks Solid - Oppenheimer

September 20, 2016 6:48 AM EDT
Get Alerts GPRO Hot Sheet
Price: $9.19 -2.44%

Rating Summary:
    5 Buy, 12 Hold, 6 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 20 | New: 54
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Oppenheimer analyst, Andrew Uerkwitz, reiterated his Perform rating on shares of GoPro (NASDAQ: GPRO) after the company unveiled upgraded cameras (Hero5 Black and Hero5 Session), a drone (Karma), a hand-held gimbal, and more user-friendly software (Quik apps) and services (GoPro Plus) on 9/19.

The camera upgrades emphasize peripheral improvements and nice-to-have features. New software and services seek to work with hardware upgrades to reduce users' pain in managing videos. The Karma Drone has a solid industrial design and build quality. Existing GoPro users can find new purposes for their old devices by getting the $799 Karma without a camera.

For an analyst ratings summary and ratings history on GoPro click here. For more ratings news on GoPro click here.

Shares of GoPro closed at $15.31 yesterday.

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