GPRO - 1 Growth Stock Down 94% to Buy Hand Over Fist in 2023
If I told you about a stock that listed publicly in 2014, then hit an all-time high price of $93.85 in that same year, but now trades at just $5.25, you'd probably think what follows is a cautionary tale.
But that's not the case. In fact, I'm going to make the argument for why you should consider buying shares of GoPro (NASDAQ: GPRO) , the subject of the above scenario, and the industry leader in action cameras and accessories.
While it has always been a niche, one-dimensional business for GoPro, the company is expanding its addressable market by adding new camera variations. But it's also building a portfolio of subscription-based software products that can be used by customers who don't even own a GoPro.
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1 Growth Stock Down 94% to Buy Hand Over Fist in 2023