Oppenheimer Starts GoPro (GPRO) at Underperform
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Wedbush Starts GoPro (GPRO) at Outperform
October 27, 2014 4:30 PM EDTWedbush initiated coverage on GoPro (NASDAQ: GPRO) with a Outperform rating and a price target of $81.00. Analyst Michael Pachter expects GoPro to beat consensus estimates in Q3. He also noted untapped media revenue opportunity.
"We value GoPro at 70x our FY:15 EPS estimate of $1.15 plus cash. While this is a very high multiple, we think it is justified. This multiple is similar to the basket of other technology companies on our peer group list (Facebook, Twitter, LinkedIn and Netflix) which trade at an average of roughly... More
