Fitbit to Present at Investor Conferences in August and September
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Piper Jaffray Raises Price Target on Fitbit (FIT) to $60 Following 2Q15 EPS Beat
August 6, 2015 6:48 AM EDTPiper Jaffray reiterated an Overweight rating on Fitbit (NYSE: FIT), and raised the price target to $60.00 (from $52.00), following 2Q15 earnings results. FIT reported sales of $400M, above the Street's $319.5M estimate. Adjusted Q2 EPS of $0.21 beat the Street's estimate of $0.08. Management offered 3Q sales guidance of $335-$365M, and EPS of $0.07-$0.10. For the... More
