GoPro (GPRO) Slammed as On-Officer Video Opportunity Laid to Rest
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Go back to GoPro (GPRO) Slammed as On-Officer Video Opportunity Laid to Rest
September 5, 2014 7:12 AM EDT
Piper Jaffray analyst Sean Naughton reiterated an Overweight rating and boosted his price target on GoPro (NASDAQ: GPRO) to $60.00 (from $48.00) saying strong results released by supplier Ambarella (NASDAQ: AMBA) bodes well for the second half. The analyst... More
September 4, 2014 6:27 AM EDT
(Updated - September 4, 2014 9:46 AM EDT)
JPMorgan downgraded GoPro (NASDAQ: GPRO) from Overweight to Neutral with a price target of $51.00 (unchanged). Analyst Paul Coster is cautious on valuation. However, he is not recommending investors sell the stock, just not add to positions. Interesting, Coster said GoPro's opportunity in law enforcement -- a... More
September 2, 2014 8:28 AM EDT
Since the unfortunate events surrounding the fatal shooting of Michael Brown in Ferguson, Missouri, on August 9th, one theme has played out well among stock traders - on-officer cameras. Not only could an on-officer video device potentially recorded what transpired that fateful night, but research has shown that police agencies that have trialed or fully deployed on-officer video have seen a 59% reduction in use of force by officers. Traders see the outfitting of millions of police officers around the world as a mega boon for companies... More
