Wall Street’s Week Ahead: GoPro Inc., LinkedIn Corp. And General Motors Company

It’s a jam-packed week for earnings. Here is what analysts need to know ahead of reports from GoPro Inc (NASDAQ:GPRO), LinkedIn Corp (NYSE:LNKD), and General Motors Company (NYSE:GM), all of which are reporting in the second half of the week.

Read Wall Street’s Week Ahead Part 1, here, to see what’s ahead for other companies reporting this week including Gilead, Yahoo, Chipotle and Alphabet.

GoPro Inc

GoPro will release 4Q15 earnings on Wednesday, February 3 after market close. Shares of the action camera company plunged nearly 30% two weeks ago after the company announced disappointing preliminary earnings figures, estimating quarterly revenue of $435 million, marking a 31% y/y decrease. Before this update, the analyst consensus for Q4 revenue was $512 million. To add insult to injury, the company announced it is cutting 7% of its workforce.

GoPro attributes the sluggish quarter to excess inventory and the disappointing Hero4 Session launch. The new product did not fly off the shelves as expected, which management attributed to its high price point and a diluted marketing effort. Many analysts also highlight that the product was released in September when it would have thrived if released over the holiday season.

With such low expectations, analysts believe that GoPro may beat estimates. However, analysts are looking for strong guidance to demonstrate that GoPro is not a one-product wonder, as many are beginning to fear. The company is now trading below its IPO price and hovering above its 52-week low of $9.90.

Analysts polled by TipRanks in the last 3 months have varying views on the stock: 7 are bullish, 2 are bearish, and 8 remain neutral. The average 12-month price target between these 17 analysts is $15.59, marking a 36% potential upside from where shares last closed.