Fitbit (FIT) Receives Price Target

Fitbit (FIT) : The most positive equity analysts on Fitbit (FIT) expects the shares to touch $32, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $21.27 with an expected fluctuation of $4.99 from the mean.

Fitbit (FIT) : Zacks Investment Research ranks Fitbit (FIT) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 22 research analysts is 2, which indicates as a Buy.


Also, Morgan Stanley maintains their rating on the shares of Fitbit (NYSE:FIT). The current rating of the shares is Overweight. Equity Analysts at the Firm lowers the price target to $31 per share from $32 per share. The rating by the firm was issued on August 3, 2016.

Fitbit (NYSE:FIT): The stock opened at $15.48 on Thursday but the bulls could not build on the opening and the stock topped out at $15.51 for the day. The stock traded down to $14.68 during the day, due to lack of any buying support eventually closed down at $14.95 with a loss of -3.42% for the day. The stock had closed at $15.48 on the previous day. The total traded volume was 13,782,711 shares.

Fitbit, Inc. (Fitbit) is a provider of health and fitness products. The Companys Fitbit platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights, and virtual coaching through fitness plans and interactive workouts. It offers a number of fitness products, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Charge HR, Fitbit Surge and Aria. Its wrist-based and clippable devices automatically track users daily steps, calories burned, distance traveled, floors climbed, and active minutes and display real-time feedback to encourage them to become more active in their daily lives. Fitbit Premium is its membership that serves as an around the clock virtual personal trainer delivered to users through any Web browser. It operates FitStar, a provider of interactive video-based exercise experiences on mobile devices and computers.

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