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Actionable news in AMBA: Ambarella, Inc.,

JMP Securities: 'Buy Now' Before GoPro Doubles

JMP Securities used Ambarella Inc's (NASDAQ: AMBA) earnings report on Tuesday as cause to turn more bullish on GoPro Inc (NASDAQ: GPRO) Wednesday morning. The analysts reiterated a Market Outperform rating and $105 price target on the stock.

Shares of GoPro traded recently at $41.60, up 3.2 percent.

JMP Securities modeled GoPro growth of 48 percent and 43 percent for the...