Oppenheimer Maintained Perform on GoPro (GPRO) After Meeting with Management

Oppenheimer maintained a Perform rating on GoPro (NASDAQ: GPRO) after meeting with CFO Jack Lazar and VP of Corporate Development Colin Born. Mr. Lazar was positive on GoPro's market position and opportunity.

Analyst Andrew Uerkwitz commented, "We met GPRO CFO Jack Lazar and VP Corporate Development Colin Born on Tuesday. The overall tone was upbeat and Mr. Lazar was positive on GoPro's market position and opportunity. We discussed GoPro Hero4 Session—a newly released (in July) capture device. Due to its different form factor and earlier launch, we believe it's too early to make a call on its success. Management also demonstrated the latest software update which we believe is part of a larger vision to improve user experience. Sharing was much improved comparing to our earlier experience (note link). While we like the strides the company is making, we reiterate our Perform rating due to our more conservative view of the core capture device market."

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 $33.57 yesterday.

You May Also Be Interested In

• Bernstein SocGen Group Starts Colgate-Palmolive Company (CL) at Market Perform
• Bernstein SocGen Group Starts Procter & Gamble (PG) at Market Perform
• Bernstein SocGen Group Starts Estee Lauder (EL) at Market Perform