Stifel Downgrades Fitbit (FIT) to Hold

Mizuho Securities Cuts Price Target on Fitbit (FIT) as Product Transition Weighs on 1Q Guide

Mizuho Securities maintained a Buy rating on Fitbit (NYSE: FIT), and cut the price target to $20.00 (from $38.00), following the company's 4Q earnings report. FIT reported 4Q EPS of $0.35 vs. the Streets $0.25 estimate. Also, despite strong pre-order data from the new Blaze and Alta that... More

Weak FitBit (FIT) Guidance Increases Product Launch Importance - Dougherty

Dougherty & Co analyst, Charles Anderson, is trying to see the forest instead of the weak 1Q tree that represents FitBit's (NYSE: FIT) weak near term guidance. Full year guidance is ahead of expectations despite 1Q being far weaker. This puts a high dependence on new product adoption which makes channel checks in 2Q all the more important. No change to Neutral rating.

Fitbit beat on both the top and bottom lines in Q415. Revenue and EPS of $712MM/ $0.35 was ahead... More

Leerink Partners Downgrades Fitbit (FIT) to Market Perform

Leerink Partners downgraded Fitbit (NYSE: FIT) from Outperform to Market Perform with a price target of $18.00 (from $33.00).

Analyst Steven Wardell commented, "After Monday's close, FIT reported 4Q15 results that exceeded Street consensus. 2016 guidance was in line but fell well short in 1Q16... More

Oppenheimer Recommends Buying Fitbit (FIT) on Weakness

Oppenheimer analyst Andrew Uerkwitz reiterated an Outperform rating and $25 price target on Fitbit (NYSE: FIT), saying they would be buyers on weakness following the company's Q4 report and lower Q1 guidance.

Uerkwitz commented, "When we initiated on FIT three weeks ago (2/1/16 at... More

Baird Downgrades Fitbit (FIT) to Neutral

Baird downgraded Fitbit (NYSE: FIT) from Outperform to Neutral with a price target of $16.00 (from $30.00).

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 $16.52 yesterday.

Fitbit (FIT) PT Cut to $20 by SunTrust's Peck; 'Buy' Maintained

SunTrust Robinson Humphrey analyst Robert Peck lowered his price target on Fitbit (NYSE: FIT to $20.00 (from $25.00) but maintained a Buy rating following solid Q4 results but lower Q1 guidance.

Peck commented, "Although 4Q results beat Street ests, and 2016 outlook was in line, FIT shares trading pre-market at ~$14 vs.... More

Pacific Crest Downgrades Fitbit (FIT) to Sector Weight

Pacific Crest downgraded Fitbit (NYSE: FIT) from Overweight to Sector Weight.

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 $16.52 yesterday.

Piper Jaffray Downgrades Fitbit (FIT) to Neutral

Piper Jaffray downgraded Fitbit (NYSE: FIT) from Overweight to Neutral with a price target of $14.00 (from $24.00) following challenging Q1 guidance.

Analyst Erinn Murphy commented, "While we were holding out for Q4's report where we expected Q1 guidance to be better, this simply did not come... More

Fitbit (FIT) Tops Q4 EPS by 10c; Q1 Guidance Misses

Fitbit (NYSE: FIT) reported Q4 EPS of $0.35, $0.10 better than the analyst estimate of $0.25. Revenue for the quarter came in at $711.6 million versus the consensus estimate of $647.82 million.

*** Fitbit sold 8.2 million connected health and fitness devices in Q4 and 21.4 million in... More