GoPro shares attract more short sellers on competition fears
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GoPro (GPRO) Issues Well Discounted and Competitive Concerns Overblown, Cowen Says; PT Lowered to $60
September 23, 2015 6:36 AM EDTCowen analyst Robert Stone lowered his price target on GoPro (NASDAQ: GPRO) to $60.00 (from $76.00) but maintained an Outperform rating. The analyst notes the valuation reset but asks "what else really changed?"
"GPRO now trades a touch over 15x our 2016E EPS, vs. ~26x when we... More
