Teens Still Positive on Fitbit (FIT), Waning on GoPro (GPRO) - Piper Jaffray Suvey

October 13, 2016 4:15 PM EDT
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Piper Jaffray's 32nd semi-annual Taking Stock With Teens survey showed that teens still are still in favor of Fitbit (NYSE: FIT) but interest in GoPro (NASDAQ: GPRO) is warning.

Analyst Erinn Murphy commented, "Our data was positive for FIT. 21% of UI teens plan to purchase a fitness tracker in the next six months (vs. 18% of UI teens last Fall). Fitbit is the No. 1 preferred brand within the wearables category capturing 71% of teen preferences—up from 53% last year. Fitbit is also the No. 1 fitness app cited by teens at 22% share. This is a solid move up from No. 3 at 12% share last Fall. On the other hand, while GoPro household ownership was up at 25% vs. 20% last year, fewer teens are citing GoPro on their holiday wish lists. In fact, 0.6% teens (unaided) indicated they want a GoPro--this is down from 1% a year ago."

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Piper Jaffray, Erinn Murphy

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