GoPro Announces Third Quarter 2022 Results

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Go back to GoPro Announces Third Quarter 2022 Results

GoPro (GPRO) Downgraded at JPMorgan on Tough Macro Backdrop

November 4, 2022 12:02 PM EDT

GoPro (NASDAQ: GPRO) was downgraded to Neutral from Overweight, with its price target lowered to $6 from $9 by JPMorgan on Friday.

Analyst Paul Chung told investors in a note that GoPro's third-quarter results were slightly ahead of expectations, although fourth-quarter guidance missed... More

JPMorgan Downgrades GoPro (GPRO) to Neutral

November 4, 2022 5:36 AM EDT

JPMorgan analyst Paul Chung downgraded GoPro (NASDAQ: GPRO) from Overweight to Neutral with a price target of $6.00 (from $9.00).

The analyst comments "GoPro posted 3Q22 results slightly ahead of expectations though 4Q guide missed materially, driven by FX, and reduction in inventories at big box... More