Toyota (TM) Adds GoPro (GPRO) Mount to Upcoming Pickup Truck
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Wedbush Raises Price Target on GoPro (GPRO) to $76 Following 2Q15 Beat
July 22, 2015 9:33 AM EDTWedbush maintained an Outperform rating on GoPro (NASDAQ: GPRO), and raised the price target to $76.00 (from $70.00), following 2Q results. GPRO reported revenue of $420M, compared consensus of $395M. Non-GAAP EPS was $0.35, compared with consensus of $0.26.
Analyst Michael Pachter commented, "GoPro delivered another... More
GoPro (GPRO) Gains After Announcing Premium Content Licensing Portal
July 20, 2015 10:06 AM EDTGoPro (NASDAQ: GPRO) is gaining Monday (+6.7%) after the company announced its premium content licensing portal. The portal is intended for advertising agencies to download and license GoPro video, enabling its creators to monetize their content.
GoPro analyt Charles Anderson of Dougherty & Co. notes that since its IPO last year, GoPro has messaged that it wants to be a media company, but until this point it's been unclear how exactly it would get there.
Commenting on monetization, Anderson notes, "Details around pricing for GoPro licenses is not readily available, but... More
