Fitbit blazes past its revenue forecast, shares rise
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Fitbit (FIT) PT Lowered to $6 at Deutsche Bank Following 1Q EPS Beat; 'Strength in Alta Line'
May 4, 2017 10:37 AM EDTDeutsche Bank lowered its price target on Fitbit (NYSE: FIT) to $6.00 (from $6.50) while maintaining a Hold rating, following the company's first quarter earnings result.
Analyst Sherri Scribner notes the company reported first quarter earnings per share and revenues ahead of the Street's projections, as... More
Stifel Remains Sidelined on Fitbit (FIT) Following the Company's 1Q
May 4, 2017 7:27 AM EDTStifel reiterated a Hold rating and $7.00 price target on Fitbit (NYSE: FIT) following the company's 1Q earnings report. FIT reported 1Q revenue and adjusted net loss per share of $299mn and -$0.15 compared to the consensus of $279mn and -$0.18.
2Q17... More
