GoPro stock seen staying grounded until drones take flight

(Reuters) - GoPro Inc's disappointing fourth-quarter revenue forecast showed that its action cameras are losing traction with customers, with analysts expecting the company's fortunes to turn only after a successful launch of commercial drones. Cowen & Co was the most bearish with a $11 price target, which it revised from $18. GoPro said quarterly revenue was hit by a price cut meant to boost demand for its Hero4 Session cameras.