GoPro (GPRO) stock appears to be the latest beneficiary of meme stock action, as shares jumped 30% on Aug. 25 despite an absence of company news or regulatory filings. The company followed that up with an additional 9% gain on Aug. 26, on the strength of the company’s early-stage rollout of its artificial intelligence (AI) data licensing pilot program.
However, Wall Street analysts remain unconvinced, and based on the average price target for GPRO stock, shares are at risk of falling 50%. So, the stock may be overheated despite the excitement from this week.
