Benzinga.com
0
All posts from Benzinga.com
Benzinga.com in Benzinga.com,

GoPro Vs. Fitbit: What's The Better Investing Case?

Looking for more expert commentary and daily trading ideas on GPRO? Find out how you can use this deal to get started on our Benzinga Professional new and data platform today.

Fitbit Inc NYSE:FIT, GoPro NASDAQ:GPRO - GoPro Vs. Fitbit: What's The Better Investing Case?
  • Rob Cihra of Sterne Agee CRT commented in a note that GoPro faces a "rather weak" fourth quarter while Fitbit "looks very strong."
  • Cihra added that GoPro is set up for a "re-accelerated" revenue growth in 2016 while Fitbit's stock already assumes "big ongoing upside."

Shares of GoPro flirted with the $100 per share mark nearly a year ago, but established new 52-week lows of $28.90 last week as investor concerns over the company's growth profile remain ongoing. On the other hand, shares of Fitbit are higher by more than 25 percent since its IPO debut as the wearable technology segment has gained...


More