2024-02-05 02:52:13 ET
Summary
- GoPro's subscription service is the most exciting part of the investment, offering incentives and protection for consumers while promising possible returns for investors.
- The subscription service currently only accounts for 12% of expected revenues but could have a significant impact on the business model if it grows.
- I see GPRO as slightly undervalued, with a hold rating and a price target of $4.
- Valuation at the time reflects the risks of a stagnating business.
Introduction
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GoPro: Expectations Neutral For Earnings