Longbow Research Downgrades Fitbit (FIT) to Neutral

Fitbit (FIT) a Broken Stock, Not Broken Story - Oppenheimer

Oppenheimer analyst Andrew Uerkwitz slashed his price target on Fitbit (NYSE: FIT) to $12.00 (from $25.00) but maintained a Outperform rating following weak results, outlook.

Uerkwitz commented, "Fitbit disappointed....again. With the large short interest, many were expecting it, as the company has a... More

Wedbush Downgrades Fitbit (FIT) to Neutral

Wedbush downgraded Fitbit (NYSE: FIT) from Outperform to Neutral with a price target of $10.00 (from $18.00) following weak results amid demand softness and limited long-term visibility.

Analyst Nick McKay commented, "We are downgrading shares of Fitbit to NEUTRAL from OUTPERFORM, and lowering our 12-month price target... More

Piper Jaffray Downgrades Fitbit (FIT) to Underweight

Piper Jaffray downgraded Fitbit (NYSE: FIT) from Neutral to Underweight with a price target of $8.00 (from $14.00).

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 $12.81 yesterday.

Mizuho Securities Downgrades Fitbit (FIT) to Neutral

Mizuho Securities downgraded Fitbit (NYSE: FIT) from Outperform to Neutral with a price target of $9.00 on weak end user demand and heavy opex growth.

Analyst Betty Chen commented, "We are downgrading shares of FIT to Neutral from Buy as we reduce... More

Fitbit (FIT) Reports In-Line Q3 EPS; Issue Light Q4, FY16 Outlook

Fitbit (NYSE: FIT) reported Q3 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $503.8 million versus the consensus estimate of $506.93 million.

GUIDANCE:

Fitbit sees Q4 2016 EPS of $0.14-$0.18, versus the consensus of $0.75. Fitbit sees Q4... More