#7 - GoPro, Inc. (NASDAQ:GPRO)
GoPro, Inc. (NASDAQ: GPRO) – GoPro shares rose when they beat analysts’ expectations. However, the action-camera maker still reported a decline in revenue of 5 percent. GoPro faces a problem of meeting their own expectations. You see, the company’s sales are heavily geared to the holiday season. Yet, last year, they missed on their reported earnings, coming in nearly $140 million under their projection. This could be dismissed as a one-year anomaly except they also missed their projected earnings in the fourth quarter of 2014 and 2015. So, the company’s recent announcement that they would be returning to profitability in the second half of 2018 and into 2019 should be taken with a healthy amount of skepticism. In past years, GoPro had to manage their inventory dilemma. They seem to have figured that out, but what may be of greater concern to investors is a lack of new products and increasing competition for the products they currently offer. Although it’s always tricky to time investments, investors may want to see how sales of their new Hero camera go before deciding to go all-in on GoPro
About GoPro
GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.
Read More - Current Price
- $1.22
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $2.25 (84.4% Upside)
