GPRO - Bullish idea
This after its IPO spike a few years back has been punished by the market, however we feel now is the time (and covered on our blog many months ago) that GPRO 7.25% / GoPro 7.25% may be making a comeback, and now that they have released their new advertisement for the Hero 7 with MUCH improved specs this is a good case for a huge recovery as:
1) Coming into Christmas holiday seasons sales will likely ramp up over the next couple of quarters.
2) Their product line get re-vamped and re-energies them.
Does this mean it will happen? No, though we have witnessed stocks like this in the past and it just seems that down here the risk is minimal and reward exponential.
If this did happen along with other improving fundamentals, we could cast a potential target which could be $40 in the year 12-18 months and possibly $60 in 24 - 36 months.
1) Coming into Christmas holiday seasons sales will likely ramp up over the next couple of quarters.
2) Their product line get re-vamped and re-energies them.
Does this mean it will happen? No, though we have witnessed stocks like this in the past and it just seems that down here the risk is minimal and reward exponential.
If this did happen along with other improving fundamentals, we could cast a potential target which could be $40 in the year 12-18 months and possibly $60 in 24 - 36 months.
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