Could GoPro See A Hostile Takeover?

According to tech stock expert Sean Udall, GoPro Inc (NASDAQ: GPRO)’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 subject to a hostile takeover as that would be the cheapest way to acquire it.”

Related Link: Munster Says Apple Prefers Competition Rather Than Acquisition Of Fitbit, GoPro

Last week, Piper Jaffray analyst Gene Munster told Benzinga that cash-heavy Apple Inc (NASDAQ: AAPL) will likely not be in the bidding for GoPro.

Disclosure: the author holds no position in the stocks mentioned.