GoPro Inc (GPRO) Is Now Valued At $10 Billion: Michael Hewson

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GoPro Inc (NASDAQ:GPRO) is beating all expectations in the market these days and performing extremely well. GoPro Inc (NASDAQ:GPRO) went up by 180% since its IPO in June. Recently, GoPro Inc (NASDAQ:GPRO)’s CEO Nicholas Woodman gave 5.8 million Class A shares to a welfare organization. This step rattled the GoPro Inc (NASDAQ:GPRO)  stock and it tumbled by 14% in the markets. But the recent holiday season plan gave an increase of 7.8% to GoPro Inc (NASDAQ:GPRO)  stock yesterday. Despite of all the achievements, some experts are of the view that GoPro Inc (NASDAQ:GPRO)  stock is overvalued. In an article on CMCMarkets, Michael Hewson said that when GoPro Inc (NASDAQ:GPRO)  IPO was rolled out on $24, no one was expecting that the company will perform so well in the markets.

Hewson thinks that GoPro Inc (NASDAQ:GPRO)’s latest social media steps, software and mini wearable cameras have given a massive boost to the stock. Hewson claimed that the latest surge in stock brushing $100 made Nick Woodman a billionaire. GoPro Inc (NASDAQ:GPRO)  is investing heavily in the software and social media apps and many experts are still confused about whether to grade this company in a social media category or hardware category.

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Hewson said that GoPro Inc (NASDAQ:GPRO) is valued at around $10 billion based on its current valuations and progress. The latest products like Hero4 have given GoPro Inc (NASDAQ:GPRO) a considerable edge in the product curve as compared to the competitors, but still, Hewson thinks, the company is overvalued as compared to its competitors. HTC recently launched an action camera which is waterproof and has a good hardware, but the reviews and not good as compared to that of GoPro Inc (NASDAQ:GPRO)’s cameras.

GoPro Inc (NASDAQ:GPRO)’s revenue was around $200m back in 2011 and now, it is now crossing $1 billion.

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