Stock Update (NASDAQ:GPRO): GoPro Channel Launches on Premium Video Service Vessel


GoPro, Inc. (NASDAQ:GPRO), enabler of some of today's most engaging content, today announced that the GoPro Channel launched on Vessel, a premium video service that gives fans access to simple and beautiful short-format videos. Vessel emerged from private beta earlier today with GoProparticipating as an inaugural content partner. GoPro videos are now available on Vessel.com and Vessel iOS applications.

"As GoPro expands its brand and reach in the entertainment industry, we are excited to partner with promising new media services," said  Zander LurieGoPro's SVP of Media. "Whether it's a mobile device, or a video game console, digital platforms like Vessel help us reach consumers and deliver GoPro content on-demand. GoPro is proud to be a part of Vessel's launch."

The GoPro Channel is coming soon to the Roku streaming platform and is currently available on Xbox One and Xbox 360 entertainment systems, LG webOS smart TVs, in-flight on Virgin America, and social channels including YouTube, Facebook, Twitter, Instagram, Vimeo, Pinterest and GoPro.com/channel (Original Source)

Shares of GoPro Inc opened today at $42.28 and are currently trading down at $41.91. GPRO has a 1-year high of $98.47 and a 1-year low of $28.65. The stock's 50-day moving average is $43.74 and it's 200-day moving average is $62.99.

On the ratings front, GoPro Inc (NASDAQ: GPRO) has been the subject of a number of recent research reports. In a report issued on March 5, Morgan Stanley analyst James Faucette maintained a Hold rating on GPRO, with a price target of $57, which implies an upside of 34.8% from current levels. Separately, on March 4, JMP's Alex Gauna reiterated a Buy rating on the stock and has a price target of $105.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, James Faucette and Alex Gauna have a total average return of 15.9% and 11.0% respectively. Faucette has a success rate of 80.0% and is ranked #415 out of 3546 while Gauna has a success rate of 59.7% and is ranked #532

In total, one research analyst has rated the stock with a Sell rating, 8 research analysts have assigned a Hold rating and 7 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $42.28 which is 50.5% above where the stock opened today.

GoPro Inc develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content. It produces mountable and wearable cameras and accessories.

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