GoPro Stock Is at an All-Time Low. Is It a Buy?
(NASDAQ: GPRO) stock is trading at an all-time low and is down 60% in the past year. It's been a challenging period for the action-camera maker as it attempts to reach profitable growth.
Results for 2023 disappointed investors. Revenue of $1 billion was down 8% year over year. Management said intense competition forced the company to lower pricing. This directly impacted margins and led to a $32 million adjusted net loss last year.
The GoPro subscription business, which bundles services like cloud storage and video editing software, has been a silver lining, posting a 12% jump in subscriber count. However, this marked a sharp slowdown from the 43% increase in 2022.
Source Fool.com
GoPro Inc. A Aktie
1,79 €
7,26 %
Leichte Kaufstimmung für GoPro Inc. A: Mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 4 €, festgelegt von der Community für GoPro Inc. A, zeigt ein Potenzial von 123.96%, was einer Verdopplung des aktuellen Kurses entspricht.
