NEW YORK (TheStreet) -- Shares of GoPro Inc. are surging, up 5.15% to $68.25, in early market trading after the wearable camera maker had coverage initiated with an "outperform" rating by analysts at Wedbush this morning.a Analysts at the firmaset an $81 price target for shares due to its positive and upward looking notes on the San Mateo, CA-based company. Wedbush analysts saidathe company deserves a high multiple given its "rapidly growing addressable market" and "strong brand that permits premium pricing for its products." Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. GoPro, formerly Woodman Labs, develops mountable andawearableacameras as well as other hardware and software productsato help consumers more easilyacapture, manage, and share their content. GPRO data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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