This rating was issued on 3/06/17.
After mounting quarterly losses, botched product launches, and having its stock price hit record lows, camera maker GoPro on Wednesday announced it would cut 270 full-time jobs to lower operating expenses.
"That's one way to get to profitability", said Pacific Crest analyst Brad Erickson, who has a sector weight rating on the stock. It has been assigned a low target price of $39 and a high target price of $63.
While if we look at the Earnings Track Record, GoPro, Inc.
Considering the performance, GoPro, Inc. (NASDAQ:GPRO) to Sell by settling a price target of $8 on 3/03/17. They now have a United States dollars 8 price target on the stock. Baird Downgrades the company's stock to Underperform on 2/03/17 with no specific Price Target.
02/03/2017 - GoPro Inc was downgraded to "underperform" by analysts at Robert W. Baird.More news: Leading stocks in today's market: Delta Air Lines, Inc. (NYSE:DAL)
Those expenses will be even less than what GoPro had already targeted for the year. (GPRO). The consensus rating is 3.6, suggesting the market has given up on the stock.
Zacks Investment Research also rated the stock with a value of 3.69. This number lands on a scale from 1 to 5.
03/06/2017 - GoPro Inc was downgraded to "sell" by analysts at Goldman Sachs.
For the quarter ending 11/03/2016, The Analyst projected that the company could deliver EPS of -0.35 while the company provided its Actual EPS of -0.6 showing a difference of -0.25 Percent between the Estimated and Actual EPS. The San Mateo, California-based company now employs roughly 1,500 people, according to Business Insider. Hence, the surprise factor was -71.4 percent. Barclays PLC reiterated a "hold" rating and set a $10.00 price objective on shares of GoPro in a report on Wednesday, January 11th.
Founded in 2002, GoPro is an American technology company started by Nick Woodman.
The firm's 50 day moving average is $9.17 and its 200-day moving average is $11.24. The Moving Average SMA50 is -18.44% while SMA200 is -34.55%. (NASDAQ:GPRO) is performing -13.09%. The stock now shows its YTD (Year to Date) performance of -13.09 percent while its Weekly performance value is -7%. Share performance for the month is now at -18.78%. The average volume stands around 11536258. "However, we still do not forecast sufficient earnings power to support the stock's current valuation".