GPRO - Where Will GoPro Be in 1 Year?
2024-06-16 05:33:00 ET
Share prices of GoPro (NASDAQ: GPRO) are down more than 60% over the past year. Investors are clearly not impressed with what's going on at the action-camera maker. The company has a plan to overhaul its business and the truth is that it may not succeed. Management could also run out of time to get it to work. The company's future is a bit blurry at the moment.
Here's what you need to know if you are looking at GoPro stock and where it might be a year from now.
There are positive things to note about GoPro's business. For starters, its technology is pretty good and has a very loyal following. Just go to the company's YouTube channel and watch some of the death-defying feats people have filmed with a GoPro. The quality of the footage is impressive. And few people would dare risk a normal camera or their smartphone to capture most of those moments. A specialized, super-tough camera is what's required.
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Where Will GoPro Be in 1 Year?