A Wild Ride For GoPro In 2014

This year has been a wild year for GoPro Inc GPRO. After such an up and down 2014, what should shareholders of GoPro expect in 2015?
Successful IPO
GoPro, makers of high-resolution sports/action cameras, went public back in June. After IPO shares priced at the high end of the projected rage ($24), the stock surged 31 percent to $31.34 on its first day of trading.
Tides turn
After peaking as high as $98.47 back in October (a gain of 310 percent from the IPO price), GoPro stock started a downward slide. In mid-December, GoPro dipped as low as $53.64, a 45 percent pullback from the October highs. The stock has since bounced back to above $65, preserving 170 percent gain for IPO investors.
Technical perspective
GoPro has been in a clearly-defined downward trading channel since early October. The support line at the bottom of the channel is currently around the $51 level, and resistance at the top of the channel is currently around $75. Until the stock breaks above that downward-sloping resistance line, GoPro will continue to drift lower.

Analysts weigh in on 2015
Analysts aren’t predicting a great year for GoPro in 2015. Oppenheimer initiated coverage of GoPro in October by issuing an Underperform rating on the stock and setting a price target of $45.00. Barclays also reiterated their Equal Weight rating on GoPro in October and raised their price target for the stock from $45.00 to $60.00. Oppenheimer’s target represents a 31.6 percent downside from current levels, and Barclay’s target represents 8.8 percent downside for the stock.