GoPro (GPRO) is showing signs of a turnaround, with a recent US court ruling confirming Insta360 infringed on its patents, potentially boosting GPRO's IP protection. The upcoming Max 2 camera is highly anticipated and expected to outperform competitors, while the company's strong subscriber base ($100M ARR) and healthy cash position ($75M cash, no debt expected by year-end) provide a solid financial foundation. With a share buyback program potentially starting early next year, GPRO appears undervalued given its growth prospects and market position.