Oppenheimer Starts GoPro (GPRO) at Underperform

October 23, 2014 4:19 PM EDT
Get Alerts GPRO Hot Sheet
Price: $4.31 -1.37%

Rating Summary:
    5 Buy, 11 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 16
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Oppenheimer initiated coverage on GoPro (NASDAQ: GPRO) with an Underperform rating and a price target of $45.00.

The analyst said while the company should be commended for its products, its brand, and the market it created, Act 2 - moving beyond action/adventure video capture - will prove more challenging. The underperform rating is based on 1) a shrinking growth outlook; 2) unrealistic expectations; and 3) valuation.

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 $80.09 yesterday.

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