GoPro Given New $45.00 Price Target at Robert W. Baird (GPRO)
Equities research analysts at Robert W. Baird raised their price target on shares of GoPro (NASDAQ:GPRO) from $43.00 to $45.00 in a research note issued to investors on Friday. Robert W. Baird’s target price indicates a potential upside of 9.84% from the company’s current price.
Shares of GoPro (NASDAQ:GPRO) traded down 14.59% on Friday, hitting $40.97. The stock had a trading volume of 13,318,858 shares. GoPro has a one year low of $28.65 and a one year high of $49.90. The stock has a 50-day moving average of $41.7 and a 200-day moving average of $41.7. The company has a market cap of $5.045 billion and a P/E ratio of 121.44.
GoPro (NASDAQ:GPRO) last announced its earnings results on Thursday, July 31st. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.01. The company had revenue of $244.60 million for the quarter, compared to the consensus estimate of $237.97 million. GoPro’s revenue was up 38.1% compared to the same quarter last year. Analysts expect that GoPro will post $0.73 EPS for the current fiscal year.
A number of other firms have also recently commented on GPRO. Analysts at Dougherty & Co downgraded shares of GoPro from a “buy” rating to a “neutral” rating in a research note on Friday. Separately, analysts at Raymond James initiated coverage on shares of GoPro in a research note on Monday, July 21st. They set a “market perform” rating on the stock. Finally, analysts at Barclays initiated coverage on shares of GoPro in a research note on Monday, July 21st. They set an “equal weight” rating and a $45.00 price target on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.67.
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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