Oppenheimer Upgrades GoPro (GPRO) to Outperform

Oppenheimer analyst Andrew Uerkwitz upgraded GoPro (NASDAQ: GPRO) from Perform to Outperform with a price target of $9.00.

The analyst comments "We argued that GoPro has done everything it can to position itself for success. After seeing the new product launch, we are confident to raise already Street-high estimates as well as upgrade the stock to Outperform with a $9 price target. With compelling features such as live streaming and gimbal-like image stabilization, we believe the products are compelling. This should be enhanced by targeted marketing and a vastly improved software editing suite (something GoPro has quietly improved over the last 18 months)."

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 $6.84 yesterday.

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