Tuesday, April 13, 2021

Can A Drone Save GoPro?

goproNickWoodmanwoodman

 

A GoPro drone offers lots of potential for the company, but much rests in management execution and the drone itself.

Commercial drone market is poised for explosive growth, and success in this area would be a huge boost for GoPro.

Many potential issues for GoPro in the drone market remain.

GoPro (NASDAQ:GPRO) has seen its stock take a beating, down over 20% following a Q4 warning and the announcement of job cuts. A drone, however, is on the horizon for GoPro and it has the ability to lift the company out of its woes. The key for GoPro as it enters the drone market will be the management’s ability to execute on their strengths. A failure to do this will likely take the stock further down the drain and prospects of any kind of success in the drone market down with it.

Read moreĀ http://seekingalpha.com/article/3809256-can-a-drone-save-gopro