GoPro Stock Has a Lot to Prove on Wednesday
If GoPro (NASDAQ: GPRO) is staging a comeback as an investment, it's going to have to get through this week's biggest hurdle to keep its recent rally going. The top dog in wearable cameras reports quarterly results shortly after Wednesday's market close, and big gains -- the stock has roared 45% since bottoming out in March -- are on the line.
Analysts see a return to profitability for GoPro with revenue soaring 30% to $313.1 million. This should be its fourth period of double-digit revenue growth, though it comes on depressed top-line growth the year before that. GoPro's revenue target is actually 22% below where it landed during the third quarter of 2015. You have to go back to late 2015 to find the last time that GoPro's two-year revenue growth rate was positive in any given quarter.
Image source: GoPro.
Source: Fool.com
GoPro Inc. A Stock
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