The firm said it initiated coverage on the maker of mountable and wearable cameras used by extreme sports enthusiasts, due to the company's strong revenue growth.
JPMorgan (JPM) also initiated coverage on GoPro with an "overweight" rating and $51 price target, as the firm says the company is fast growing and profitable.
Must Read: Warren Buffett's 25 Favorite Stocks
GPRO data by YCharts
Shares of GoPro are higher by 2.82% to $42.60 in pre-market trading today.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.