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Fly News Breaks for April 29, 2015
GPRO
Apr 29, 2015 | 06:40 EDT
Piper Jaffray analyst Erinn Murphy raised her price target for GoPro shares to $66 following the company's "stellar" Q1 results which included sales growth of 54% and earnings growth of 136%. Murphy says she's encouraged by the continued traction GoPro is gaining with its content globally. The analyst continues to believe GoPro's total addressable market "extends far in excess" of just action sports participants. She keeps an Overweight rating on the stock. Shares of the action camera maker are up $5.98 to $53.00 in pre-market trading.
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