UPDATE: Fitbit (FIT) Tops Q2 EPS by 13c, Offers Q3 & FY Outlook
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Fitbit (FIT) PT Raised to $52 at SunTrust Robinson Humphrey
August 6, 2015 7:24 AM EDTSunTrust Robinson Humphrey analyst Robert Peck reiterated a Buy rating and raised his price target on Fitbit (NYSE: FIT) to $52.00 (from $50.00) following strong results after the close.
Peck commented, "2Q results beat estimates across the board; 2015 guidance is materially above Street.... More
Dougherty & Co Downgrades Fitbit (FIT) to Neutral on Valuation
August 6, 2015 7:17 AM EDTDougherty & Co downgraded Fitbit (NYSE: FIT) from Buy to Neutral on valuation following Q2 results.
Analyst Charles Anderson commented, "Fitbit is delivering impressive growth and silencing the doubters that said competition would eat into its business in the near-term. We see many reasons to... More
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
Fitbit (FIT) PT Raised to $79 at Leerink Partners on 'Beat and Raise' Qtr
August 6, 2015 6:36 AM EDTLeerink Partners analyst Steven Wardell reiterated an Outperform rating and raised his price target on Fitbit (NYSE: FIT) to $79.00 (from $44.00) following a 'beat and raise' quarter.
Wardell commented, "After the market close, Fitbit reported 2Q15 revenue of $400m, a 26% beat v.... More
