The Top 7 Best Analyst Coverage On GoPro Inc (GPRO)

GoPro Inc. (GPRO) released second quarter fiscal 2015 earnings on July 21, crushing Wall Street expectations and proving that the action hardware company isn’t ready to slow down any time soon. The company has managed to snap up even more sales in the second quarter as it celebrates the end of its first year as a publicly traded company. Here are the 7 top analysts' opinions who have covered GoPro over the successful year:

1. Charlie Anderson of Dougherty last rated GoPro on April 21, stating that he believes “GoPro has established itself as one of the most valuable brands in consumer” The analyst reiterated a Buy rating on GoPro stock with a $55 price target noting that the company has “significant headroom to grow as it expands overseas and extends the brand to new device categories.” He most recently commented that the company “reversed many downtrends” in his model, which he attributed primarily to the announcement of its newest camera, the HERO4 session. In regards to GoPro’s upcoming earnings, Anderson observes, “GoPro’s anticipated Q2 success isn’t only tied to its newly announced Hero4 Session,” but that 360 video, better software, and a planned portal should further expand the lead.

Charlie Anderson has rated GoPro a total of 14 times since July 2014, earning a 75% success rate recommending the stock and a +33.2% average return per GPRO recommendation when measured over a one-year horizon and no benchmark.

2. William Power of Robert W. Baird last rated GoPro on April 29, reiterating a Buy rating while raising his price target to $63 from $57. In his report the analyst cites that GoPro recently acquired France-based virtual reality company Kolor. The analyst believes Kolor “should add to GPRO’s technology arsenal,” and points out “potential [for] future virtual reality influenced products.” Power adds that “the combination of growth and valuation” is extremely attractive.” The analyst most recently commented on the camera market, concluding that the space is “still expanding and [GoPro] has a significant lead over the competition.”

William Power has rated GoPro a total of 3 times since July 2014, earning a 100% success rate recommending the stock and a +29.5% average return per GPRO recommendation when measured over a one-year horizon and no benchmark.

3. Tavis McCourt of Raymond James last rated GoPro on April 29, upgrading the stock from Market Perform to Outperform with a $63 price target. The analyst’s upgrade followed GoPro’s strong Q1 results and the acquisition of software company Kolor.  According to McCourt, the acquisition of Kolor “demonstrates the potential for GoPro to ultimately move beyond its current form factor capture devices and to leverage its substantial brand to create new product markets or enter existing markets within the video capture category.” The analyst most recently commented that GoPro is on track to move beyond just cameras to become a content venue service like HBO and Netflix (NFLX).

Tavis McCourt has rated GoPro a total of 6 times since July 2014, earning a 100% success rate recommending the stock and a +16.4% average return per GPRO recommendation when measured over a one-year horizon and no benchmark.

4. JPM Securities analyst Alex Gauna last rated GoPro on June 23, explaining, “On the near-term demand front, checks across North America and Europe continue to point toward a healthy pace of off-season demand activity, balanced inventory levels, and an ongoing absence of any meaningful competition.” The analyst adds that by 2020 the company is expected to make an ambitious entry into the virtual reality markets, “leading to the TAM increasing by billions of dollars.” After GoPro unveiled the HERO4 Session, Gauna commented “GoPro is a smart company” and that the new features are “the kind of things that are going to differentiate GoPro from the pack and help make it a broader, stronger, more diversified product line overall.”

Alex Gauna has rated GoPro a total of 9 times since July 2014, earning a 75% success rate recommending the stock and a +11% average return per GPRO recommendation when measured over a one-year horizon and no benchmark.

5. Erinn Murphy of Piper Jaffray last rated GoPro on July 22, maintaining an Overweight rating on the stock while upgrading his price target to $72 from $68. The increased price target follows GoPro’s second quarter earnings report in which sales were up 72% and EPS was up 315% Y/Y. The analyst stated, “The ongoing robust growth of the brand was underscored by management’s Q3 guidance in which sales are forecasted at $435M-$445M, significantly above our former $386M estimate and the Street’s $401M.” Murphy adds that she is pleased with the “continued traction GoPro is gaining with their content globally.”

Erinn Murphy has rated GoPro a total of 8 times since April 2015, earning a 88% success rate recommending the stock and a +17.4% average return per GPRO recommendation when measured over a one-year horizon and no benchmark.

6. J.P. Morgan analyst Paul Coster last rated GoPro on June 3, maintaining his Overweight rating while raising his price target from $70 to $75 per share. The analyst cited GoPro’s innovation momentum, explaining that the momentum will add to GoPro’s “differentiated position in the market.” Furthermore, Coster expects the company to have strong growth over the next two years while expanding revenue opportunities in media and software. He also adds that GoPro has shown off products in virtual reality, drones and an “off-cylcle” LCD.

Paul Coster has rated GoPro a total of 8 times since October 2014, earning a 67% success rate recommending the stock and a +11.8% average return per GPRO recommendation when measured over a one-year horizon and no benchmark.

7. Joseph Wolf of Barclays last rated GoPro on July 22, maintaining a Buy rating while setting his price target to $71. Wolf’s rating comes as GoPro is showing strong execution, acquisitions, new products, external hires, and continuing brand strength. The analyst states, “Strong execution since the IPO with the intro of the Hero4 and the compact Session solidify the hardware lead. New developments like 360 video, drones, better software, and a planned a portal should further expand the lead.” They analyst adds that content would drive up valuation going forward.

Joseph Wolf has rated GoPro a total 7 times since July 2014, earning a 50% success rate recommending the stock and a +6.1% average return per GPRO recommendation when measured over a one-year horizon and no benchmark.

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