NEW YORK (TheStreet) -- GoPro (GPRO) shares had coverage initiated with a "buy" rating and $78 price target by analysts at Cleveland Research on Tuesday.
The new price target represents a 16% potential upside from the stock's previous closing pricing.
GoPro shares are down 1.6% to $66.11 in pre-market trading.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.