GoPro (GPRO) Stock: $15 Price Target From JPMorgan

By Amit Chowdhry ● Nov 23, 2021
  • The shares of GoPro Inc (NASDAQ: GPRO) have received a price target of $15 by JPMorgan. These are the details.

The shares of GoPro Inc (NASDAQ: GPRO) have received a price target of $15 by JPMorgan. And JPMorgan analyst Paul Chung upgraded GoPro to an “Overweight” rating from “Neutral” while increasing the price target from $13.

Chung noted that the company’s strong execution is underscore by the pivot to direct-to-consumer, high subscriber attach rate on GoPro.com, and the device price increases. As a result, GoPro’s margins are structurally higher and they are seeing increased revenue visibility. Plus the company is smoothing out sales over the longer term.

Plus Chung views GoPro as a reopening play in the reopening economy.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.