NEW YORK (TheStreet) -- Shares of GoPro
(GPRO) are up roughly 5% following positive commentary from several analysts.
On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said Americans love GoPro products and many are buying the stock as a result.
However, "I can't come up with a valuation metric for GoPro that makes me want to own it," Cramer admitted.
How Coca-Cola Stock Will Satisfy Investors' Thirst for Profit
Yellen's Testimony Tanks; Trade, Don't Invest: Best of Kass
10 Best Used Luxury Cars Under $30,000
Sales for this quarter should be "remarkable," he added, and the stock seems poised to go higher.
The company has done a magnificent job of growing the business into an ecosystem for its customers. Sporting goods stores are also having trouble keeping GoPro in stock, because the product is in such high demand, Cramer concluded.
-- Written by Bret Kenwell in Petoskey, Mich.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts