Fitbit (FIT) PT Raised to $52 at SunTrust Robinson Humphrey

Deutsche Bank Comments on Fitbit's (FIT) Second Quarter, Raises PT

Deutsche Bank reiterated a Buy rating on Fitbit (NYSE: FIT) and raised its price target to $52.00 (from $50.00). Comments follow the release of the company's Q2 results. Analyst Ross Sandler noted positives including revenue and unit growth, but noted concerns in a few areas including gross margins.

"Fitbit reported revenue and EBITDA that were meaningfully above our conservative estimates, but importantly, revenue and unit growth reaccelerated 80% (ex-fx) and 14% respectively from last quarter, off a pretty sizeable base. For Fitbit to hit $2.00 in EPS, it needs to sell around 36m units at the current ASP,... More

Dougherty & Co Downgrades Fitbit (FIT) to Neutral on Valuation

Dougherty & 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

Piper 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

Leerink 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

Fitbit (FIT) Tops Q2 EPS by 13c, Sales Beat; Guides Well Ahead of the Street

Fitbit (NYSE: FIT) reported Q2 EPS of $0.21, $0.13 better than the analyst estimate of $0.08. Revenue for the quarter came in at $400 million versus the consensus estimate of $319.45 million.

Fitbit sees Q3 2015 EPS of $0.07-$0.10, versus the consensus of $0.07. Fitbit sees Q3 2015 revenue of $335-365... More

UPDATE: Fitbit (FIT) Tops Q2 EPS by 13c, Offers Q3 & FY Outlook

(Updated - August 5, 2015 4:10 PM EDT)

Fitbit (NYSE: FIT) reported Q2 EPS of $0.21, $0.13 better than the analyst estimate of $0.08. Revenue for the quarter came in at $400 million versus the consensus estimate of $319.45 million.

Our second quarter results included our highest quarterly revenue in the eight-year history of Fitbit, said James Park, Fitbit co-founder and CEO. In the quarter, we... More