GoPro Inc (NASDAQ:GPRO) announced the launch of Apple Watch features in the GoPro App for iOS to enable quick access to the camera’s controls right from the wrist. This new app allows users to preview their shot, toggle between capture modes, start/stop record and add HiLight Tags to the best moments of their videos.
In addition to the Apple Watch integration, the latest version of the GoPro App offers a new design and makes capturing and sharing easier by allowing users to grab high-quality still images from videos, filter media by photo, video or HiLighted moments, and continue to use the app’s Trim & Share features to produce 5-second, 15-second and 30-second clips.
GoPro App for iOS – Apple Watch Features:
- Preview shots
- Start / stop record
- Change capture modes
- Add HiLight Tag
GoPro App Updates for both iOS and Android Devices:
- Grab photos from videos: Quickly flip through a video frame-by-frame to find that epic moment and download a high-quality still image.
- Find your media faster: Locate that awesome shot by filtering your media to display only photos, videos, HiLight Tags or clips. (Original Source)
Shares of GoPro are up 3.32% to $17.45 in pre-market trading. GPRO has a 1-year high of $69.75 and a 1-year low of $16.77. The stock’s 50-day moving average is $22.91 and its 200-day moving average is $42.01.
On the ratings front, GoPro has been the subject of a number of recent research reports. In a report issued on December 7, Robert W. Baird analyst William Power downgraded GPRO to Hold, with a price target of $18, which represents a potential upside of 6.6% from where the stock is currently trading. Separately, on the same day, J.P. Morgan’s Paul Coster maintained a Buy rating on the stock and has a price target of $45.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, William Power and Paul Coster have a total average return of 7.0% and -7.5% respectively. Power has a success rate of 57.8% and is ranked #536 out of 3637 analysts, while Coster has a success rate of 41.9% and is ranked #3516.
Overall, one research analyst has rated the stock with a Sell rating, 6 research analysts have assigned a Hold rating and 8 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 $27.50 which is 62.8% above where the stock closed yesterday.
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.