UPDATE: SunTrust Downgrades Fitbit (FIT) to Hold
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Fitbit (FIT) a Broken Stock, Not Broken Story - Oppenheimer
November 3, 2016 7:47 AM EDTOppenheimer 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
November 3, 2016 7:15 AM EDTWedbush 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
Fitbit (FIT) Reports In-Line Q3 EPS; Issue Light Q4, FY16 Outlook
November 2, 2016 4:08 PM EDTFitbit (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
