GoPro Coverage Initiated by Analysts at JPMorgan Chase & Co. (GPRO)
Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of GoPro (NASDAQ:GPRO) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $51.00 price target on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 23.10% from the company’s current price.
Shares of GoPro (NASDAQ:GPRO) traded up 2.75% during mid-day trading on Monday, hitting $42.57. 4,724,808 shares of the company’s stock traded hands. GoPro has a 1-year low of $28.65 and a 1-year high of $49.90. The stock has a 50-day moving average of $40.71 and a 200-day moving average of $40.71. The company has a market cap of $5.242 billion and a P/E ratio of 104.89.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird initiated coverage on shares of GoPro in a research note on Monday. They set a “neutral” rating and a $43.00 price target on the stock. Separately, analysts at JMP Securities initiated coverage on shares of GoPro in a research note on Tuesday, July 15th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, analysts at Vertical Group initiated coverage on shares of GoPro in a research note on Thursday, July 10th. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. GoPro currently has a consensus rating of “Hold” and an average target price of $45.43.
GoPro, Inc, formerly Woodman Labs, Inc, develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content.
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