Analyst Nick McKay of Wedbush believes that GoPro Inc (NASDAQ:GPRO) may be prime for a turnaround after a rough six months. The last six months GoPro has experienced a weak HERO4 Session launch, no HERO5 launch the year after, a negative pre-announcement in January and a delay in its Karma drone. Despite all this, McKay thinks that GoPro’s ability to innovate could allow it to “overcome its doubter and see upside if the HERO5s and Karma drone are well-received.”

GoPro’s latest earnings report had revenue of $221 million, ahead of consensus estimates of $194 million. ASPs drove GoPro’s revenue, showing strong demand for its higher-end devices. The company’s EPS was also better than expected, coming in at $(0.52) versus estimates of $(0.58).

McKay expects to see the company hit profitability by Q4 with its HERO5 and Karma drone on track to be released before the holiday season. Although the company hasn’t released many details about the products, its full year revenue guidance of $1.25-1.5 billion is a good indication of GoPro’s confidence. Management mentioned that these products would “contribute to the largest introduction of products in [its] history [for its] most exciting fourth quarter ever.”

The analyst is maintaining his outperform rating, while raising the price target of $14.50 (from $13.00), marking a 14% increase from current levels.

According to TipRanks, the analyst has a yearly average loss of 28.2% and a 14% success rate. The analyst has a 53.3% average loss when recommending GoPro, and is ranked #3,900 out of 4,083 analysts.

TipRanks shows that out of the 15 analysts who rated GoPro in the last 3 months, 27% gave a Buy rating, 60% gave a Hold rating and 13% gave a Sell rating. The average 12-month price target for the stock is $12.57, marking a 0.55% downside from current levels.

Read More: Here’s Why This Analyst Remains Bearish on GoPro Despite Solid Q2 Results »