Stock Update (NASDAQ:GPRO): GoPro Inc Channel Available on PlayStation®

GoPro Inc (NASDAQ:GPRO) announced The GoPro Channel will be available starting today on the PlayStation®4 (PS4™) and PlayStation®3 (PS3™) systems. The custom designed GoPro Channel app allows PS4 and PS3 owners to stream GoPro content on-demand, browse GoPro cameras and accessories, and more. PlayStation joins GoPro’s growing roster of distribution partners including Amazon Fire TV, Roku, Comcast Watchable, Sky, Vessel Entertainment, Xbox, LG and Virgin America.

“We want GoPro content and programming to be easily accessible on every platform where our millions of fans spend time,” said Jon Cohen, GoPro’s director, distribution. “There’s a sweet-spot of overlap between PlayStation’s super-engaged audience and the GoPro audience and we’re excited to welcome PlayStation to GoPro’s expanding OTT family.”

Key Features of the GoPro Channel app for PS4 and PS3 systems include:

  • Activities: Access all the videos related to your favorite activities such as ski, surf and flight
  • Enhanced Search: Search for videos and playlists and watch videos without leaving the search experience
  • Playlist Browsing: Navigate to your favorite videos within playlists
  • Product Discovery: Watch product videos and learn more about GoPro cameras and accessories

The GoPro Channel app on PS4 and PS3 systems launches in conjunction with an exclusive GoPro video, The 66th Parallel – Discovering Iceland with Ben Brown. The video will be available on PS4 and PS3 only, until December 29. After that, check it out on all GoPro platforms. (Original Source)

Shares of GoPro Inc closed yesterday at $18.1, down $1.40 or -7.18%. GPRO has a 1-year high of $69.75 and a 1-year low of $15.90. The stock’s 50-day moving average is $20.70 and its 200-day moving average is $39.81.

On the ratings front, GoPro has been the subject of a number of recent research reports. In a report released yesterday, Piper Jaffray analyst Erinn Murphy reiterated a Sell rating on GPRO, with a price target of $15, which implies a downside of 17.1% from current levels. Separately, on December 17, Raymond James’ Tavis McCourt maintained a Buy rating on the stock and has a price target of $36.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Erinn Murphy and Tavis McCourt have a total average return of -10.7% and 12.4% respectively. Murphy has a success rate of 32.1% and is ranked #3579 out of 3636 analysts, while McCourt has a success rate of 64.8% and is ranked #198.

The street is mostly Bullish on GPRO stock. Out of 16 analysts who cover the stock, 8 suggest a Buy rating , 6 suggest a Hold and 2 recommend to Sell the stock. The 12-month average price target assigned to the stock is $27.00, which represents a potential upside of 49.2% from where the stock is currently trading.

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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