GPRO - GoPro: Decent Catalysts With Attractive Valuation
2024-05-16 12:14:59 ET
Summary
- GoPro's stock has been performing poorly, currently trading at $1.7, down 55.6% over the past year.
- GoPro has been in the middle of a transformation. The management has set a target to return to improved growth and profitability in 2025.
- I believe GoPro's retail expansion with Best Buy and in EMEA, along with its leading brand presence, will serve as decent catalysts. Risk remains moderate, but valuation is attractive, in my view.
GoPro ( GPRO ) is a well-known technology company founded in 2012 focusing on action camera manufacturing. GPRO has also expanded into software, introducing tools such as image stabilization, mobile and desktop app editing and sharing solutions, and auto-upload capabilities....
GoPro: Decent Catalysts With Attractive Valuation