Piper Jaffray Analysts Say GoPro Is Well Positioned For A Strong Holiday Season
On Wednesday, Piper Jaffray commented on GoPro Inc (NASDAQ: GPRO). Analyst Sean Naughton says GoPro as poised for a strong holiday season with upside to guidance.
Naughton notes that all of GoPro’s capture devices have ranked in top 100 electronics best sellers on Amazon on rolling three-day basis since early October and devices are featured in many Black Friday ads.
In addition, he sees Ambarella results as next catalyst for GoPro and notes a strong relationship between Ambarella forecasts and GoPro sales.
Shares of GoPro were up 2 percent Wednesday morning.
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Posted-In: Piper Jaffray Sean NaughtonAnalyst Color Tech
