Why GoPro Stock Jumped Nearly 4% Higher Today
In the long history of consumer tech companies, the introduction of a splashy new product has often juiced the stock price of the company doing the introducing. That was largely the case with action camera and accessories maker (NASDAQ: GPRO), which saw its shares rise by just under 4% Friday on the launch of a new good offering with artificial intelligence (AI).
GoPro kicked off that morning with the announcement that it is rolling out said product, the Fluid Pro AI. This is what the company describes as an AI subject tracking gimbal (a gimbal is a mechanism that stabilizes precision instruments like cameras).
Image source: Getty Images.
Source Fool.com
GoPro Inc. A Stock
€1.47
0.270%
Our community is currently low on GoPro Inc. A with 1 Buy predictions and 3 Sell predictions.
On the other hand, the target price of 3 € is above the current price of 1.47 € for GoPro Inc. A, so the potential is actually 104.22%.
