Northland Capital Markets Starts GoPro (GPRO) at Outperform, $70 PT

Northland Capital Markets initiates coverage on GoPro (NASDAQ: GPRO) with a Outperform rating and a price target of $70.00.

Analyst Gus Richard commented, "GoPro is demonstrating strong new product momentum with its HERO4 that is driving ASP and GM uplift. We think the company is uniquely positioned to create new niche digital image capture devices that augment camera phones. In addition, the company has strong brand recognition positioning it to benefit from the growth of digital video curation on social media. We initiate with an Outperform rating and $70 price target."

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 $45.27 yesterday.

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