GoPro might have great products with its HERO action cameras, but the company is having financial issues. Following recent product rollout issues and poor entry into the drone market, GoPro's stock hit record lows. The stock fell nearly 8 percent, and now trades near $8.
Analysts at Goldman Sachs think there's plenty more downside to GoPro's stock. According to Simona Jankowski, the core action camera market is largely saturated," while GoPro is spending too much money, without enough new revenue coming in. It is only a matter of time before GoPro starts making some cuts, and employees are probably where it will all start.
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