GoPro (GPRO) Results Should Display a Lack of Catalysts - JPMorgan
- Wall Street comes off record highs ahead of big tech earnings
- Tesla (TSLA) Gains on Q2 Beat, Analysts Mostly Positive but Others Cautious
- China's Meituan (MPNGF) Plunges 17.6% to Push Hang Seng Index to 8-Month Lows as Heavy Selling Continues
- Dollar eases slightly with Fed in focus
- Elon Musk Laid Into Apple (AAPL) During Tesla's (TSLA) Q2 Earnings Call
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
JPMorgan analyst Paul Coster reiterated a Neutral rating and $7.50 price target on GoPro (NASDAQ: GPRO) noting the lack of near term catalysts during this seasonally weak period.
The analyst stated "We expect solid execution momentum from 4Q to extend into the 1H19 on improving ASPs, channel management, and cost discipline. The path back to sustainable profitability is getting clearer, as gross margins rebound, and opex levels remain under control. Much depends on whether the Hero 7 flagship with Hypersmooth features can entice new and existing users to upgrade in seasonally slower 1H/early 3Q, and if
GPRO is on track to introduce an even more compelling camera for the ’19 holiday season".
Shares of GoPro closed at $6.14 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Argus Downgrades AT&T (T) to Hold; Math 'Doesn't Work' on Dividend
- JD Logistics Inc (2618:HK) PT Lowered to HK$35 at Bernstein
- TFI International Inc. (TFII:CN) (TFII) PT Raised to Cdn$150 at TD Securities
Create E-mail Alert Related CategoriesAnalyst Comments
Sign 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!