GoPro (GPRO) Long Idea โ Target: $1GoPro (GPRO) Long Idea โ Target: $1
GoPro CEO Nicholas Woodman has waived his salary for the remainder of 2025, reinforcing the companyโs aggressive cost-cutting plan aimed at reducing operating expenses by 30% and returning to profitability by 2026. This symbolic gesture highlights leadership accountability and strengthens investor confidence in the turnaround strategy, including operational efficiencies and supply chain diversification beyond China.
Technically, the stock has stabilized and is showing signs of reversal from oversold levels. With strong support holding and volume gradually increasing, a move back toward the $1.00 psychological level is likely, making this a compelling long setup.