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4-Traders Homepage  >  Equities  >  Nasdaq  >  GoPro Inc    GPRO

GOPRO INC (GPRO)
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GoPro Inc.: Should Investors Worry About Competition?

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01/12/2018 | 12:56pm CET

This past week, shares of high-tech camera maker GoPro Inc. (NASDAQ:GPRO) dropped more than 24% on a number of key pieces of news, all of which were taken by investors and analysts negatively.

On Monday, GoPro announced that it was revising its Q4 estimates downward, was cutting its workforce, and exiting the drone business, a segment which was seen as a key growth area for the company. With issues pertaining to market size and potential market saturation, highlighted in research reports from analysts covering GoPro on Tuesday, investors have taken the view that the long-term outlook for GoPro is perhaps not as bright as once thought.

As a growth company, investors are buying shares betting on long-term profitability growth, and with a forward price to earnings (P/E) multiple of more than 150 and negative earnings currently,

A number of analysts have now downgraded GoPro’s stock significantly, with target prices now coming in the $4-$6 range, lower than Thursday’s close.

With growth stocks all the rage these days, GoPro may just be one of the only stocks growth investors should steer clear of. I remain bearish on the sector overall, and this recent news from GoPro indicates to me that significant downside remains, despite the aforementioned weekly drop.

Fundamentally, other far better growth options are available on the NASDAQ – I would stick with companies such as Apple Inc. (NASDAQ:AAPL) or Alphabet Inc. (NASDAQ:GOOG) which stand out as mature value plays in contrast to the younger, higher risk companies such as GoPro.

Invest wisely, my friends.

Copyright © 2018 Baystreet.ca Media Corp. All rights reserved., source Standard Equities Feed

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Financials ($)
Sales 2017 1 207 M
EBIT 2017 -52,3 M
Net income 2017 -146 M
Finance 2017 132 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 0,65x
EV / Sales 2018 0,66x
Capitalization 918 M
Chart GOPRO INC
Duration : Period :
GoPro Inc Technical Analysis Chart | GPRO | US38268T1034 | 4-Traders
Technical analysis trends GOPRO INC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 7,56 $
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Nicholas Woodman Chairman & Chief Executive Officer
Charles Prober Chief Operating Officer
Brian McGee Chief Financial Officer
Edward Arthur Gilhuly Independent Director
Michael E. Marks Independent Director
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