Why GoPro Stock Has Surged Recently

GoPro (GRPO) stock has been on a tear in the last couple of sessions, as its stock price has risen 12.0% since September 25. The action camera received a boost after Oppenheimer’s Andrew Uerkwitz noted that he was currently bullish on the stock on the back of the company’s refreshed product line. Uerkwitz noted that the stock has been “overlooked” and that GoPro’s efforts to improve make it “worth a second look.” The analyst changed his rating on GoPro from “perform” to “outperform” and set his price target at $9.00.