Can GoPro Stock Keep Going After Last Week's 22% Pop?
Shares of GoPro (NASDAQ: GPRO) were moving so fast and so high last week that even one of its high-end action cameras may have only caught it as a blur. GoPro stock soared 21.6% last week, soaring after posting blowout quarterly results. A couple of analysts would go on to upgrade the shares following the strong report that featured better-than-expected results and a more robust outlook for the current quarter than they were targeting.
The maker of wearable cameras and high-end consumer drones saw its revenue climb 34% to $296.5 million during the second quarter. This is GoPro's third straight quarter of double-digit percentage gains on the top line.
GoPro's deficit narrowed sharply since a year earlier, clocking in at $0.22 a share -- or $0.09 a share on an adjusted basis. Analysts were holding out for a loss of $0.25 a share on just $269.6 million in revenue.
Source: Fool.com
GoPro Inc. A Stock
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 196.3% increase which would mean more than doubling the current price of 1.35 € for GoPro Inc. A.
