Fitbit Opens EMEA Headquarters in Dublin

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Mizuho Securities Reiterates Buy on Fitbit (FIT) Following Product Launch

September 1, 2016 3:45 PM EDT

Mizuho Securities reiterated a Buy rating and $20.00 price target on Fitbit (NYSE: FIT) following the company's announced product launch. Both products are currently available for pre-order and will be shipping globally in the Fall. Mizuho is maintaining its 3Q EPS estimate of $0.18, in-line with guidance for $0.17-0.19.

Analyst Betty Chen commented,... More