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Vetr Upgrades GoPro As Price Finds Its Level

Chris Dier-Scalise

The Vetr crowd upgraded their rating for GoPro Inc (NASDAQ: GPRO) on Wednesday, from its previous rating of 3.5 stars (Buy), issued eight days ago, to 4.5 stars (Strong Buy). Crowd sentiment at the time of the time of the upgrade was generally confident, with 73 percent of Vetr user ratings bullish.

Share price in GoPro saw a 15 percent bump mid-way through March after the company announced it's plan to cut 270 jobs in 2017 and reduce its operating expense by more than $200 million. The stock finished trading down on April 5 at $8.43, still within range of where it has traded since the announcement.

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Currently, the Vetr crowd's average target price for GoPro is up at $9.71, which is still below the average analyst target price of $10.32. GoPro, Inc. is a popular stock on Vetr as more than 4 percent of users are holding GPRO in their watch-lists.

Latest Ratings for GPRO

Date Firm Action From To
Mar 2017 Citigroup Upgrades Sell Neutral
Mar 2017 Goldman Sachs Downgrades Neutral Sell
Mar 2017 Citigroup Initiates Coverage On Sell

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