Northland analyst Gus Richard lowered his estimates for GoPro (GPRO) but views the recent selloff in shares as presenting an attractive entry point. The stock closed Friday at $32.42, well below Richard's unchanged price target of $80. The analyst dropped his 2015 earnings per share estimate for GoPro to $1.70 from $1.78 citing an "abundance of caution" with sales of the new HERO camera being slower than expected. Richard, however, sees upside to 2016 estimates given the launch of GoPro's drone. He believes GoPro's "growing sports content and video ecosystem" makes it a "compelling acquisition target" for Apple (AAPL) and other companies seeking original content. He has an Outperform rating on the action camera maker.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Erste Group downgraded Apple to Hold from Buy.

Apple (AAPL) supplier TSMC (TSM) has unveiled its A16 chip manufacturing technology featuring nanosheet transistors with "backside power rails" meant for producing its ultra-advanced 1.6nm chips by 2026, Nikkei Asia's Cheng Ting-Fang reports. TSMC says the introduction of the technology can "greatly improve logic density and performance." Reference Link

Alphabet (GOOGL), the parent company of Google, is scheduled to report first quarter 2024 results after the market close on Thursday, April 25, with a conference call scheduled for 4:30 pm Eastern Time. What to watch... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link