In a report released today, Erik Woodring from Morgan Stanley maintained a Hold rating on GoPro (GPRO – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $6.46.
Woodring covers the Technology sector, focusing on stocks such as Apple, International Business Machines, and Seagate Tech. According to TipRanks, Woodring has an average return of -15.1% and a 49.25% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for GoPro with a $5.50 average price target.
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GPRO market cap is currently $999M and has a P/E ratio of 13.57.
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GoPro, Inc. engages in manufacturing and selling camera and camera accessories. The company provides mountable and wearable cameras and accessories, which refers as capture devices. Its product brands include Hero7, Fusion, GoPro Plus, Quik, GoPro App and Karma Grip. It also offers an ecosystem of mountable and wearable accessories. The company was founded by Nicholas Woodman in 2002 and is headquartered in San Mateo, CA.
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