InvestorsHub Logo
Followers 250
Posts 14020
Boards Moderated 3
Alias Born 07/07/2006

Re: read_this_n0w post# 680424

Tuesday, 01/24/2017 7:56:55 AM

Tuesday, January 24, 2017 7:56:55 AM

Post# of 704570
Pacific Crest raises GoPro estimates on 'better than feared' checks
In a research note titled "You Heard Correctly: We Are Raising Estimates on GPRO," Pacific Crest analyst Brad Erickson said his channel checks indicate GoPro's (GPRO) Q4 turned out "better than feared." The quarterly earnings report, amid high short interest and negative sentiment, could give the stock a "near-term reprieve," Erickson tells investors. Specifically, the analyst's checks show GoPro exited the quarter with a "healthy" 7-8 days of inventory at Best Buy (BBY) in the United States. Erickson raised his Q4 earnings per share estimate for the company to 29c from 22c, above the consensus at 23c. He believes, however, that the action camera market remains saturated and keeps a Sector Weight rating on GoPro. Erickson remains "convinced" that the shares are fairly valued in the $9-$10 range. The action camera maker closed yesterday down 11c to $9.40

Feedback is allways appreciated, as are other (annotated) picks
Twitter: @RTNRTN To follow on ihub: Ihub mark

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.