GoPro (GPRO): Preview Of The 9/19 Product Event - Oppenheimer
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Oppenheimer analyst, Andrew Urkewitz, reiterated his Perform rating on shares of GoPro (NASDAQ: GPRO) after the company announced that it will host a special event on 9/19 to unveil its Karma Drone. GoPro may also introduce its new camera line-up for 2016 (including the anticipated flagship Hero5), new software, and potentially a hand-held gimbal accessory.
The analyst believes the upcoming drone: 1) is much smaller than a DJI Phantom 3, 2) has a gimbal for image stabilization, 3) has excellent flight control to be maneuvered in tight spaces. Whether the drone camera is detachable remains an open question.
Shares of GoPro closed at $13.20 yesterday.
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