GoPro Announces New Distribution Partnership With SoftBank C&S in Japan. Could This Help the Declining Stock?
Its durable cameras might be popular with folks taking action footage, but (NASDAQ: GPRO) hasn't been a great success as a stock. After a sustained period of excitement following its 2014 IPO, investors have largely shunned the company.
Might that change with a recent deal? The stock has been showing a few signs of life since management announced news of a distribution arrangement with one of the top conglomerates in the Asian tech sector.
In mid-July, GoPro announced that it had entered into a distribution partnership with SB C, a unit of sprawling Japanese tech conglomerate SoftBank Group (OTC: SFTBF). SB C will distribute the full range of GoPro cameras and accessories throughout Japan. These will appear on shelves of SoftBank retail stores in addition to a pair of busy nationwide electronics retailers, Yodobashi and Yamada.
Source Fool.com
GoPro Inc. A Stock
Currently there is a rather positive sentiment for GoPro Inc. A with 4 Buy predictions and 1 Sell predictions.
Based on the current price of 1.45 € the target price of 4 € shows a potential of 175.67% for GoPro Inc. A which would more than double the current price.
