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DJ GoPro FY21 Guidance Seen As 'Quite Conservative' -- Market Talk

· 02/05/2021 10:21

1021 ET - JPMorgan called GoPro's 4Q results "mixed" and said shares are falling because the company missed on revenue estimates. JPMorgan also called the company's guidance for this fiscal year "mostly in line" but "quite conservative." JPMorgan, however, still lifted its December 2021 price target on the company by $1 to $10. "We expect a lull in catalysts for the next couple of months and remain sidelined," JPMorgan said. GoPro reported 4Q revenue of $357.8M and adjusted earnings of 39 cents a share after the market closed yesterday. According to FactSet, analysts were expecting revenue of $373.6M and adjusted earnings of 38 cents a share. Shares fall 13% Friday. (allison.prang@wsj.com; @AllisonPrang)

(END) Dow Jones Newswires

February 05, 2021 10:21 ET (15:21 GMT)

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