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Pacific Crest On GoPro: Checks Are 'Encouraging'

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  • GoPro Inc (NASDAQ: GPRO) shares declined more than 27 percent year-to-date and are currently significantly below their 52-week high of $98.47.
  • Pacific Crest’s Brad Erickson maintained a Sector Weight rating for the company.
  • GoPro’s current valuation appears tempting, Erickson said, citing the expected strong first-half performance.

Analyst Brad Erickson mentioned that August channel checks in the US had provided positive feedback.

“Based on early holiday channel fill and GoPro's recent body language at our Vail conference, we think a...


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