The Ratings Game: GoPro stock’s 19% gain is its best post-earnings performance yet

Shares of wearable video- camera maker GoPro Inc. surged 19% Friday to mark their best performance after an earnings report, as analysts cheered better-than-expected numbers and an upbeat outlook.

Raymond James analyst Tavis McCourt upgraded the stock to market perform from underperform on the news, and said the company is well-positioned for the next few quarters.

The stock has had a rollercoaster ride since the company went public in June of 2014. It is still about 39% below its $24 IPO price after a series of setbacks, including delays in the launch of new products and competition from increasingly advanced smartphones from the likes of Apple Inc.

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