Red Hot GoPro 103% Above IPO Price. Now What?
GoPro shares are looking a lot like the action camera videos its fans often take – breath-taking. Shares jumped 20% to $48.80 Tuesday and are up 103% in just four trading sessions following Thursday’s $24 initial public offering. How much more pop is there in GoPro? The lone stock analyst who currently covers the company, Charlie Anderson of Minneapolis-based Dougherty & Co., tells USA Today that GoPro may have more room to climb. Anderson issued a buy rating and a $28 price target before last week’s IPO, saying there hasn’t been as valuable brand name in consumer tech since the early days of Apple’s iPod.
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