Piper Jaffray analyst Erinn Murphy views the risk/reward for shares of GoPro (GPRO) as favorable into the company's Q2 results. Murphy attributes the recent pullback in GoPro to money rotation out of the name following the initial public offering of Fitbit (FIT) as well as Goldman Sachs rolling out coverage with a Neutral rating on July 6. The analyst expects the action camera maker to beat expectations and raise guidance when reporting quarterly results next week. She keeps an Overweight rating on the name with a $68 price target. Shares of GoPro closed yesterday down 47c to $54.50.