Fitbit (FIT) Tops Q1 EPS by 7c; Issues Mixed Outlook
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May 5, 2016 8:19 AM EDT
SunTrust Robinson Humphrey reiterated a Buy rating and $20.00 price target on Fitbit (NYSE: FIT) following the company's 1Q earnings report. FIT reported revenue of $505M ahead of $420-$440M guidance and the Street's $446M. FIT guided to higher 2Q revenue but lower... More
May 5, 2016 7:53 AM EDT
Oppenheimer maintained an Outperform rating and $25.00 price target on Fitbit (NYSE: FIT) following the company's 1Q earnings report. FIT reported revenue and non-GAAP EPS of $505.4M/$0.10, coming in ahead of the Street's $445M/$0.03 estimate.
Analyst Andrew Uerkwitz commented, "We initiated FIT... More
May 5, 2016 6:31 AM EDT
Piper Jaffray analyst, Erinn Murphy reiterated the Neutral rating & $16 PT on Fitbit (NYSE: FIT) following Q1's results.
Expectations built heading into Q1's print, shares traded off in the aftermarket despite Q1's beat & full-year guide up--owing largely to the slope of... More
