GoPro (GPRO) Stock 'Perform' Rating Reiterated at Oppenheimer
NEW YORK (TheStreet) -- Shares of GoPro (GPRO) - Get Report declined 0.24% to $12.43 in Wednesday's trading session after Oppenheimer reiterated a "perform" rating on the stock.
Shares of the action-camera maker might have found a near-term bottom following a disappointing 2015 product cycle and inventory problems, the firm said in a note cited by Barron's.
The stock should outperform competitors' shares in upcoming months given new product launches and better investor sentiment, Oppenheimer added.
But the camera market is in a structural decline, and the camera drone market will likely see "intense price competition from more experienced Chinese competitors," the firm noted.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.
GoPro's weaknesses include its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: GPRO
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.