$GPRO Analysts Bullish On GoPro

Oppenheimer is constructive on GoPro (GPRO +3.6%) after the company's announcement on the launch of the new HERO9 Black flagship product and subscription service.

"We believe that these major updates, emphasis on subscription-based services and direct-to-consumer sales, and timely product reveal before Black Friday and Holiday season will bolster 4Q sales," updates the firm.

Oppenheimer notes the new action camera has several updates from its previous product, including improved resolution of 20-megapixel photos, an option to shoot 5K video, dual LCD screens and increased battery life by 30%.