GoPro stock gained 1.5 percent on October 2 amid merger plans

Published on 10/05/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GoPro stock gained 1.5 percent on October 2 as Q2 revenue fell 31 percent to USD 104.9 million. A USD 0.50 analyst target trails the USD 1.35 close before the November 5, 2026 earnings date.

GPRO, US38268T1034, Illustration mit AI erstellt.

GoPro (ISIN US38268T1034) stock closed at USD 1.35 on Nasdaq on October 2, 2026, gaining 1.50 percent from the prior session. The market move came as the company worked through a proposed merger, severe second-quarter losses and a recently restored Nasdaq listing status.

Merger offers USD 1.14 cash

According to Stock Titan, GoPro agreed on September 1, 2026 to merge with Starman Optical under Action Acquisitions. Each eligible GoPro share would receive USD 1.14 in cash plus 0.1 share of the surviving company, subject to a working-capital adjustment.

The transaction values the cash component at USD 285 million and would repay USD 92 million of GoPro debt at closing, while existing shareholders would own approximately 10 percent of the combined company. The agreement can terminate if it is not completed by December 31, 2026, and remains subject to shareholder and regulatory approvals.

Revenue falls 31 percent

GoPro's second-quarter 2026 revenue fell 31 percent year over year to USD 104.9 million, according to Stock Titan. Hardware revenue fell nearly 40 percent, while subscription and services revenue increased 11 percent to USD 29.0 million.

The GAAP gross margin was 30.2 percent in Q2 2026, but the company reported a GAAP net loss of USD 51.0 million, or USD 0.30 per diluted share. Cash and cash equivalents stood at USD 27.3 million on June 30, 2026, giving the merger's debt repayment terms added importance.

Nasdaq status and analyst view

GoPro regained compliance with Nasdaq's USD 1.00 minimum bid requirement on September 16, 2026, after maintaining a closing bid above that threshold for ten consecutive business days, according to the SEC. The restored status reduces the immediate listing issue, but the reported losses and financing needs remain central to the investment case.

Financhill reports a Sell consensus from one Wall Street analyst, with an average price target of USD 0.50. That target is 62.96 percent below the USD 1.35 Nasdaq close, creating a clear gap between the merger cash component and the published analyst view.

Stock stays below yearly high

At USD 1.35, GoPro was 50.55 percent below its 52-week high of USD 2.73 and USD 0.78 above its 52-week low of USD 0.57 on October 2, 2026. Nasdaq volume reached 7,518,786 shares, while market capitalization was USD 278.6 million.

GoPro stock closing price: USD 1.35 on Nasdaq on October 2, 2026, up 1.50 percent. The next earnings date is November 5, 2026.