GoPro (GPRO) Results Should Display a Lack of Catalysts - JPMorgan

May 7, 2019 6:22 AM EDT
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Price: $10.04 -2.62%

Rating Summary:
    4 Buy, 10 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 25 | New: 41
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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".

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 $6.14 yesterday.



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