GoPro (GPRO): Preview Of The 9/19 Product Event - Oppenheimer

September 13, 2016 6:29 AM EDT
Get Alerts GPRO Hot Sheet
Price: $9.42 +2.73%

Rating Summary:
    5 Buy, 12 Hold, 6 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 29 | Down: 29 | New: 23
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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.

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 $13.20 yesterday.

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