Wedbush Downgrades GoPro to Neutral, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Alicia Reese downgraded GoPro (NASDAQ:GPRO) from Outperform to Neutral and reduced the price target from $4 to $2, indicating a more cautious outlook on the company's stock.
February 08, 2024 | 1:25 pm
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GoPro's downgrade from Outperform to Neutral by Wedbush, along with a price target cut from $4 to $2, suggests a bearish outlook on the stock.
The downgrade by a prominent analyst reflects a significant change in the perceived value and future performance of GoPro. Such a move, especially with a halved price target, typically leads to negative investor sentiment and could result in a short-term decline in the stock price.
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