Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

GoPro Inc. (GPRO) A Long-Term Play On Extreme Volatility: Brad Erickson

Volatility levels in GoPro Inc. (NASDAQ:GPRO) could increase in the coming days as the company posts its fourth-quarter earnings as well as on the unlocking of 76 million shares on February 17. During an interview on CNBC, Pacific Crest research analyst, Brad Erickson, reiterated a sector perform rating on the stock on a potential March upside.

GoPro, is GPRO a good stock to buy, National Hockey League, Brendan Greeley,

“We run sector checks over the past few weeks and found extremely strong follow through and inventory levels really not replenished here late in January, which we took as a good sign and potentially pointing to March quarter upside. So we did call for a kind of trading call up type opportunity here potentially into the low $60’s in the near term,” said Mr. Erickson.

Wall Street will wait to see if GoPro Inc. (NASDAQ:GPRO)’s margins were affected in any way by a shift of focus to the lower-end market with a $129 camera that was released in the fourth quarter. Erickson expects GoPro to post impressive earnings for the fourth quarter despite struggling on the sale of its recently unveiled $129 camera.

Sales could topple estimates, mostly driven by the sale of HERO4 camera, which is believed to have recorded impressive sales over the holiday season. A strong mix of sales both on the low and high-end market according to Erickson could potentially lead to GoPro reporting an upside on its gross profit, as well as revenue.

GoPro Inc. (NASDAQ:GPRO) has been investing in cutting-edge technology, a move that has only gone to popularize its brands allowing it to sell more products on the premium market. A point of concern has to do with the fact that the stock has not been performing well as the camera space continues to experience an upsurge in competition, which should provide the biggest headwind going forward.

The analyst maintains that GoPro Inc. (NASDAQ:GPRO) remains a long-term play in the market amidst concerns over increased volatility. March should be a defining moment for the company when stability starts to kick in terms of volatility levels.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.