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What Do Analysts Recommend for GoPro?

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Updated

Analyst recommendations

Of the 19 analysts covering US-based (SPY) GoPro (GPRO), six gave it a “buy” recommendation, while two recommend a “sell,” and 11 recommend a “hold.” The analysts’ stock price target for the company is $14.23, with a median target estimate of $15. GoPro is trading at a premium of 10.4% to median analyst estimates.

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Shareholder returns and stock trends

GoPro (GPRO) generated investor returns of -45.2% in the trailing 12-month period and 18.1% in the trailing one-month period. By comparison, it generated -71.5% in 2015 and -7.1% YTD (year-to-date). The company’s share price fell 2.7% in the trailing five-day period.

Among its peer companies, Japan-based (EWJ) Sony (SNE) and Canon (CAJ) generated returns of 28.9% and -2.1%, respectively, in the trailing 12-month period.

Moving averages

On October 3, 2016, GoPro closed the trading day at $16.74. Based on this price, here’s how the stock fared in terms of its moving averages:

  • 34.6% above its 100-day moving average of $12.44
  • 16.5% above its 50-day moving average of $14.36
  • 12% above its 20-day moving average of $14.95

MACD and RSI

A stock’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. GoPro’s 14-day MACD is approximately 0.56. This positive figure indicates an upward trading trend.

The company’s 14-day RSI (relative strength index) is 63, which shows that its stock has been somewhat overbought. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.

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