GPRO - 1 Growth Stock Down 89% That Could Soar According to Wall Street
It's no secret that companies get things wrong sometimes. The corporate world is littered with stories of high-flying success met with abrupt descents back down to Earth. In fact, investors are observing the collapse in price of many technology stocks right now after a strong 2021.
But for action camera leader GoPro (NASDAQ: GPRO) , the journey from top-of-the-world to rock bottom happened more slowly. After listing on the stock exchange in 2014, its stock hit an all-time closing high of $93.85 before a painful eight-year decline of 89% to $10.58 as of this writing. GoPro has become a rare case, though, because it's successfully turning things around .
Its recent strategies have been so promising that at least three top Wall Street firms have upgraded the stock since last November. A building consensus like that might be enough to get some investors off the sidelines and into the action.
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1 Growth Stock Down 89% That Could Soar, According to Wall Street