GPRO - 3 Reasons Investors Should Zoom In on GoPro Stock
GoPro (NASDAQ: GPRO) makes some very cool cameras capable of amazing things. That, however, isn't enough to turn a company into a sustainable business. And yet GoPro generates roughly $1 billion in revenue per year and has new products and services tied to its devices that suggest this camera maker has more opportunity ahead of it. Here are three reasons to like GoPro's future.
Beyond Meat was, at one point, a very hot product that it seemed like everyone wanted to try. Its stock rocketed higher, and then, suddenly, investors started to realize that fake meat was a product, but maybe not a business. Bleeding red ink, Beyond Meat's shares have tanked. Fitbit is an example of something similar in the electronics space, with this company and its tracking device eventually getting bought by Alphabet , which hoped to use its size and scale to expand the Fitbit's reach. GoPro seems to have many similarities to both of these companies.
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3 Reasons Investors Should Zoom In on GoPro Stock