GoPro (GPRO) HERO4 Supply Might be Limited in Q4; Sales Mix Leaning Toward Pricier Items - Cleveland Research
Get Alerts GPRO Hot Sheet
Rating Summary:
4 Buy, 11 Hold, 6 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
GoPro (Nasdaq: GPRO) shares are active in early trading following commentary from Cleveland Research.
Analyst Benjamin Bollin believes that the GoPro HERO4 is still undersupplied in Q4 and that might limit volume upside in the current quarter. The analyst sees the data as being a positive for Q115.
Bollin also sees the sales mix for GoPro leaning toward the pricier side, which could provide upside for Q4 and Q1 as gross margins widen.
Industry consensus views are looking for HERO4 growth of 9 to 10 million units, amounting to gains of 35 to 50 percent, Bollin noted.
Cleveland Research maintains a Buy rating on GoPro.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- GoPro (GPRO) Mentioned in Tweet Citron Research
- TD Cowen Resumes EQT Corp. (EQT) at Hold
Create E-mail Alert Related Categories
Analyst Comments, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!