According to tech stock expert Sean Udall, GoPro Inc GPRO 8.17%’s market cap has now declined to the point at which it will likely face the prospect of a hostile takeover.
Udall told Benzinga that he believes GoPro’s business is far from dead when it can still sell $1-2 billion of products per year. However, with its market cap now down to under 1.7 billion, Udall believes that the quickest and easiest way for a buyout to take place would be a hostile takeover.
“My view is they probably won’t get that long of a runway,” he told Benzinga. “Instead, the company will probably be…”
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