GoPro Inc – What’s The Market Potential For Drones?

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GoPro Inc – What’s The Market Potential For Drones?

Last week, reports surfaced that GoPro Inc (NASDAQ:GPRO) was developing consumer drones that will be launched in 2015. Drones could help the diversify from the action camera market, where it faces increasing competition from HTC, Polaroid and Sony Corp (ADR) (NYSE:SNE). The San Mateo-based company is expected to sell consumer drones in the price range between $500 and $1,000.

On Monday, Oppenheimer analyst Andrew Uerkwitz said in a research note that he doesn’t expect drones to have any “substantial financial impact” on GoPro. Uerkwitz reiterated his Underperform rating on the stock with $45 price target. Oppenheimer believes that drones could represent revenue gaining opportunities in coming years.

Massif Capital’s Top Short Bets In The Real Asset Space [Exclisuve]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More