Fitbit (FIT): Reiterating Outperform Ahead Of Earnings - Wedbush

October 27, 2016 8:36 AM EDT
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Price: $7.05 -2.62%

Rating Summary:
    4 Buy, 19 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Wedbush analyst, Nick McKay, reiterated his Outperform rating on shares of Fitbit (NYSE: FIT) ahead of earnings on November 2nd. The analyst thinks Fitbit shares are undervalued considering a long runway ahead from an installed base perspective, as well as relatively untapped accessory, co-branding, and corporate wellness opportunities.

No change to his price target of $18.

For an analyst ratings summary and ratings history on Fitbit click here. For more ratings news on Fitbit click here.

Shares of Fitbit closed at $14.10 yesterday.

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