GoPro (GPRO) Stock Surges on Analyst Initiation - TheStreet

NEW YORK (TheStreet) -- Shares of GoPro Inc. (GPRO) - Get Report are surging, up 5.15% to $68.25, in early market trading after the wearable camera maker had coverage initiated with an "outperform" rating by analysts at Wedbush this morning. 

Analysts at the firm set an $81 price target for shares due to its positive and upward looking notes on the San Mateo, CA-based company.

Wedbush analysts said the company deserves a high multiple given its "rapidly growing addressable market" and "strong brand that permits premium pricing for its products."

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GoPro, formerly Woodman Labs, develops mountable and wearable cameras as well as other hardware and software products to help consumers more easily capture, manage, and share their content.

GPRO data by YCharts

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