1 Growth Stock Down 96% to Buy Ahead of the Holiday Shopping Season
In the face of elevated inflation and rising interest rates, consumers have been forced to manage their money more carefully lately. It has led to a struggling retail sector, which is experiencing an inventory glut and falling prices almost across the board.
As a result, the S 500 Retail Select Industry Index -- a measure of retail sector performance -- has declined by 9% over the past year. By comparison, the benchmark S 500 index is up 13% over the same period.
That has been bad news for GoPro (NASDAQ: GPRO) because its action cameras are a discretionary product. Those tend to be the first things consumers slash from their budgets during tough times.
Source Fool.com
GoPro Inc. A Stock
€1.78
-0.110%
Our community is currently high on GoPro Inc. A with 4 Buy predictions and 1 Sell predictions.
With a target price of 4 € there is potential for a 124.85% increase which would mean more than doubling the current price of 1.78 € for GoPro Inc. A.
