NEW YORK (TheStreet) -- GoPro (GPRO) shares are up 6.1% to $81.81 in early market trading on Monday, continuing the gains the stock experienced in Friday's trading session following the release of the company's third quarter results after the closing bell on Thursday.
The action camera company's shares spiked as much as 19% in trading on Friday after it reported earnings of 12 cents per diluted share on revenue of $280 million, ahead of analysts' expectations of earnings of 8 cents per diluted share on revenue of $265.6 million.
The results were good news for the company which had been experiencing a sharp sell off in the days leading up to the earnings release. However, while the company's earnings beat allayed investor fears, analysts at Oppenheimer warned that the company could be facing a tough road ahead in 2015.
Oppenheimer analyst Andrew Uerkwitz believes that while the company will experience a strong holiday season to close out 2014, the company's growth rates will decelerate rapidly through next year and into 2016.
"Most investors we spoke with agree that the holiday season looks very strong, our contention is that what happens in 2015-2016 matters more," said Uerkwitz.