Although GoPro, Inc. (NASDAQ: GPRO) stock rallied by more than 78% over the past two days, Erik Woodring, a Wall Street analyst at Morgan Stanley (NYSE: MS) previously signaled potential further downside for this company over the next 12 months. 

Woodring assigned a ‘Sell’ signal for GoPro stock on August 11, 2026. He further lowered the bank’s 12-month price target from $1.3 to 0.5, when GPRO traded at $0.62. With this stock trading at $1.28 on September 1, this bank anticipates a potential 60.94% capitulation over the next 12 months.

This analyst argued that GoPro’s poor quarterly financial performance showed that the company experienced heightened headwinds among other structural challenges. Furthermore, this…