Fitbit Announces Preliminary Fourth Quarter 2016 Results

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Go back to Fitbit Announces Preliminary Fourth Quarter 2016 Results

Fitbit's (FIT) Price Target Lowered to $6 at Deutsche Bank

January 30, 2017 1:59 PM EST

Deutsche Bank maintained a Hold rating on Fitbit (NYSE: FIT) and lowered its price target to $6.00 (from $9.00). Earlier Fitbit issued a profit warning on Q4 results. Analyst Sherri Scribner recommended investors take a wait-and-see approach on the stock.

"We view the downside to FITs F4Q-16... More

Fitbit (FIT) PT Lowered to $6.50 at Mizuho Securities

January 30, 2017 12:34 PM EST

Mizuho Securities lowered its price target on Fitbit (NYSE: FIT) to $6.50 (from $9.00) while maintaining a Neutral rating.

Analyst Betty Chen commented, "We are further reducing our below consensus 4Q and FY17 estimates and lowering our PT to $6.50 from $9 to reflect surprisingly... More

Fitbit (FIT) PT Lowered to $9 at FBN on Negative Pre-Announcement; Keeps OP as Balance Sheet Offers Some Margin of Safety

January 30, 2017 11:01 AM EST

FBN Securities lowered its price target on Fitbit (NYSE: FIT) to $9.00 (from $15.00) while maintaining a Outperform rating after the company preannounced weak results for FQ4.

Analyst Shebly Seyrafi is keeping the Outperform rating noting the balance sheet gives some support calculate margin of... More