GoPro (GPRO): Guidance Implies Lower Margins - Piper Jaffray

Piper Jaffray analyst, Erinn Murphy, reiterated her Underweight rating on shares of GoPro (NASDAQ: GPRO) with the following statement: "we are maintaining our UW rating following Q2's release tied largely to the "unknowns" that are ahead of us this Holiday season".

The analyst is concerned that despite beating top line numbers, the company did not increase sales guidance. She is also concerned that gross margin is one percentage point below her forecasted rate.

No change to the price target of $6.50

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 $11.57 yesterday.

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