The firm notes that the company could be on the rise due to a number of reasons. Analysts say that GoPro is “a profitable, fast-growth CE company, addressing a large market as the category-defining brand in professional-quality action cameras at consumer prices.”
The company has been making waves in the way video content is created thanks to its action cameras. GoPro camera users have been using these gadgets to make POV videos that are quickly becoming the next technological trend.
GoPro stock is up more than 3.5% Tuesday afternoon.
More GoPro (GPRO) News: