
One Reason Why GoPro (GPRO) Stock Is Advancing Today
NEW YORK (TheStreet) -- Shares of GoPro (GPRO) - Get Report are rising 4.51% to $11.39 in late-afternoon trading on Thursday after JPMorgan reiterated an "overweight" rating and $17 price target on the stock ahead of next week's second-quarter earnings.
The firm estimates that GoPro will meet or beat low second-quarter expectations while reiterating full-year revenue guidance and providing "constructive commentary" about its new Hero product family, the Fly reports.
JPMorgan likes that 36% of the stock's float is short and believes that investors' skepticism is excessive.
The action camera maker is scheduled to report second-quarter financial results after Wednesday's market close.
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.










