How Will GoPro (GPRO) Stock React Today To This Analyst Action?

NEW YORK (TheStreet) -- GoPro (GPRO) received a positive note from analysts at JPMorgan this morning, and had its price target raised to $54 from $51 with a "neutral" rating on the stock.

The firm said the wearable camera company is likely to hit the high end of its third quarter guidance after third-party research showed demand may have surpassed supply for the period.

JPMorgan cited the stock trading above fair value for its change in price target.

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Shares of GoPro are down 1.77% to $81.31 in pre-market trading today.

GPRO Chart GPRO data by YCharts

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