GPRO - 1 Growth Stock Down 93% That Could Soar According to Wall Street
With the tech-heavy Nasdaq 100 index trading in a bear market this year, steep falls in the value of individual stocks are a common occurrence.
But for action-camera innovator GoPro (NASDAQ: GPRO) , its 93% decline in stock price began after hitting its all-time high of $93.85 back in 2014. Since then, the company has grappled with a series of internal challenges, and it has struggled to evolve beyond its one-dimensional hardware business.
But GoPro has become the ultimate turnaround story. It has recently found new revenue streams and the company is profitable again. As a result, its stock is winning the endorsement of Wall Street and there could be plenty of upside ahead for investors who join the action now.
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1 Growth Stock Down 93% That Could Soar, According to Wall Street