GoPro: $4.50 Short Target + Long PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let us get into some of my insights. GoPro once was more than $98 per share. It has been an under-performing and underwhelming stock since its entry to the stock market. The recent earnings call wasn't so great and now they are trying to refocus their strategy. They also have an earnings call on May 07th. Can there be light at the end of the tunnel? I think so. GoPro still has hundreds if employees, it still has the same Nick Woodman who lead them to the market, and it still has growth potential. The main thing is the demand curve went down as a result of seemingly increasing competition. That being said, at the price they are now, they have a chance to regrow, and many people are giving it buy ratings even with its thus underwhelming performance this year. This makes me expect it to pass the $4 threshold in a matter of weeks, and likely pass $4.50 quite soon as well. It is too early to call a long potential, but I think they may have a shot.
