GoPro Inc: New Product Timing Isn’t Everything

0
GoPro Inc: New Product Timing Isn’t Everything

Investors and enthusiasts have been wondering for some time when GoPro Inc (NASDAQ:GPRO) will release its next camera. Several reported release dates have come and gone, but the next one is coming up next month. So will there be a new camera in October, or will fans and investors have to wait until next year?

Stifel analysts are betting on next year, but they also say the company looks positioned for a strong fourth quarter even if the new camera doesn’t come out in time for the holidays. Nonetheless, they want to see a significant pullback in GoPro stock before bumping the company’s shares up to a Buy rating.

[Exclusive] DG Value Underperforms In H1, Sees Growing Number Of Distressed Opportunitie