#3 - GoPro Inc. (NASDAQ:GPRO)
GoPro Inc. (NASDAQ: GPRO) - The story of GoPro is somewhat simple. They created a pretty cool product…that doesn’t translate to a mass market. At least not in any meaningful way. The maker of video-action cameras is enduring its third straight year of declining revenue with top-line revenues this year down 38%. However, it has seen its stock rise recently. But what has come up can just as quickly go down, and down may be where the stock is headed if the launch of its new Hero 7 product line does not meet expectations. This is where GoPro has had issues before. So what’s the problem? In a word, smartphones. When potential customers already have devices with the ability to do many of the same things as a GoPro, it’s hard to manufacture the need. Serious video enthusiasts will appreciate the picture quality you can get from a GoPro, and its Hero 7 line will offer live streaming, something that earlier offerings did not. However, the devices will still require a separate iOS or Android companion to live stream, limiting its utility somewhat. The words of a CEO can be telling and GoPro’s CEO Nick Woodman has said the company is open to selling or partnering with another company. So far, there have been no takers.
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
- $1.09
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $1.50 (37.6% Upside)
