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SunTrust Robinson Humphrey Remains Bullish as Fitbit (FIT) Reports 1Q Beat
May 5, 2016 8:19 AM EDTSunTrust Robinson Humphrey reiterated a Buy rating and $20.00 price target on Fitbit (NYSE: FIT) following the company's 1Q earnings report. FIT reported revenue of $505M ahead of $420-$440M guidance and the Street's $446M. FIT guided to higher 2Q revenue but lower... More
Oppenheimer Remains Bullish on Fitbit (FIT) Following 1Q Beat
May 5, 2016 7:53 AM EDTOppenheimer maintained an Outperform rating and $25.00 price target on Fitbit (NYSE: FIT) following the company's 1Q earnings report. FIT reported revenue and non-GAAP EPS of $505.4M/$0.10, coming in ahead of the Street's $445M/$0.03 estimate.
Analyst Andrew Uerkwitz commented, "We initiated FIT... More
