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Will GoPro (GPRO) Stock Be Helped by Its Virtual Reality Efforts?

NEW YORK (TheStreet) -- Shares of GoPro (GPRO - Get Report) are decreasing by 0.13% to $15.24 in after-hours trading on Monday, as Barclays believes the company's presentation on virtual reality showed encouraging signs at the Consumer Electronics Show last week.

GoPro is based in San Mateo, CA and produces mountable and wearable cameras and accessories.

"Any significant monetization of virtual reality for GPRO is much further in the future but attending CES this year certainly made the opportunity seem much more tangible to us," the firm said according to Barron's.

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The content the firm viewed on the Oculus Rift headset was very compelling and GoPro will remain at the forefront in providing content for virtual reality, Barclays added.

"Based on the products we saw walking the floor, we think a more realistic camera for filming VR content is likely sooner rather than later," the firm said.

Barclays also liked the prospects for simplifying video editing for GoPro users after seeing the...