SAN FRANCISCO (MarketWatch) -- GoPro Inc. GPRO, shares rose 75 to $62.82 after analyst Shebly Seyrafi of FBN Securities initiated coverage of the digital camera maker with an outperform rating and $70-a-share price target. Seyrafi cited GoPro's 3.8 million units sold in 2013 as evidence that "the company has ample runway ahead to drive strong growth for several years." Seyrafi also said GoPro has a large opportunity for growth overseas and cited the company's expansion into content management among the reasons for his opinions on the stock.