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 Stock
€1.78
-0.110%
Currently there is a rather positive sentiment for GoPro Inc. A with 4 Buy predictions and 1 Sell predictions.
Based on the current price of 1.78 € the target price of 4 € shows a potential of 124.85% for GoPro Inc. A which would more than double the current price.
