- GPRO has made meaningful improvements in the last three years. Its strategic shift towards a more independent revenue model through the DTC channel and subscription model will drive future profitability.
- The first signs of operational improvement are evident, and assuming the management will execute its transformation plan flawlessly, the company will report significant gains in the next 1-2 years.
- GPRO remains cheap by any valuation metric, and my DCF model suggests a target price of $17.91, which provides a favorable risk/reward opportunity with limited downside risk.
For further details see:
GoPro: Rising From Ashes