Stay On The Sidelines with GoPro (GPRO) - Oppenheimer

Oppenheimer analyst, Andrew Uerkwitz, applauds GoPro's GoPro Inc (GPRO) recent moves to build a deeper technical bench and listen closely to customer and partner demands. However, he stays sidelined as upcoming product releases (drone, flagship camera, and possibly a 360° camera) can introduce substantial volatility. No change to Perform rating (no PT).

The March quarter results and June quarter guidance could be a bit rough as the company is in full-on transition mode. There may be inventory issues (March Q typically slow) for older cameras in the channels. Management updates to lock in on are drones, flagship launch schedule, and progress on strategic moves in software and partnerships.

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 $11.65 yesterday.

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