Like many in the hedge fund world, Barclays has “been struggling with GoPro’s valuation since early September,” according to a research note released by the bank today.
As reported in previously, the GoPro Inc (NASDAQ:GPRO) initial public offering was termed “rich” by many insiders. Many had noted that GoPro Inc (NASDAQ:GPRO) marketed itself as a media company to obtain a higher value. (ValueWalk previously reported on a specific hedge fund shorting the stock based largely on this thesis.)
Barclays on GoPro Inc (NASDAQ:GPRO) valuation
The Barclays research note...