GoPro Inc (NASDAQ:GPRO) is a California based American Corporation, which manufactures and sells HD cameras. GoPro Inc (NASDAQ:GPRO) products are usually used for high speed photography, action video photography, etc.
GoPro Inc (NASDAQ:GPRO) made a stunning debut on the stock market on0 June 26. GoPro Inc (NASDAQ:GPRO) stock closed 30% up on the first day of trading. Analysts and traders, however, have a difference of opinions about the stock. CNBC has compiled what different analysts have said about the GoPro’s stock recently.
Charlie Anderson, Senior Research Analyst, Dougherty and Company shared his views on GoPro Inc (NASDAQ:GPRO) shares. Anderson supported buying GoPro Inc (NASDAQ:GPRO) shares making the Buy score to one.
“On one hand you wanted to settle in, but on the other hand they are set up for a pretty good run here for at least next couple of quarters it looks like,” Anderson said
Michael Pachter, Wedbush Securities Analyst also supported buying GoPro Inc (NASDAQ:GPRO) shares ramping up the buy score to 2.
“I think that the potential is immense, I am not sure we are going to see that potential realize in the next couple of months. When we start talking about the 250 million twitter users growing to four or five hundred million, I think that’s the potential market for GoPro”
Jon Najarian, “Fast Money” trader, though, encourages selling the GoPro Inc (NASDAQ:GPRO) shares. This made the Buy or Sell scores 2 to 1 in favor of Buy. Najarian said,
“We have bunch of clients that got allocations on this one, and somewhat foolishly I told them to take the profits and run yesterday. But come on the media portion of the valuation is way out of whack, so I can’t justify staying in this one”
CNBC Contributor, Stephen Weiss said:
“Sales are down; revenues are down, so you are starting to see a little momentum to climb, number one, and number two there is no barried entry here”
Weiss supported selling the GoPro Inc (NASDAQ:GPRO) shares making the Buy to Sell scores tied at 2 each leaving the investors to decide for themselves.