Fitbit Inc (NYSE:FIT) target price raised to $18.63, issued a report today by Vetr Inc.
- Updated: September 26, 2016
Yesterday Fitbit Inc (NYSE:FIT) traded -2.94% lower at $16.98. Fitbit Inc’s 50-day average is $15.28 and its two hundred day average is $14.63. With the last close up 12.64% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 6,751,662 shares of FIT changing hands under the typical 8,598,460
Fitbit Inc (NYSE:FIT) had its stock price target increased to $18.63 by Vetr Inc. in a report issued 9/26/2016. The updated stock price target implies a possible upside of 0.10% based on the company's last stock close price.
With a total market value of $0, Fitbit Inc has price-earnings ratio of 34.77 with a one year low of $11.65 and a one year high of $41.97 .
A total of 17 equity analysts have released a research note on FIT. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $22.29.
More About Fitbit Inc (NYSE:FIT)
Fitbit, Inc. is a provider of health and fitness devices. The Company's platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts. It offers various fitness devices, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Blaze, Fitbit Charge HR, Fitbit Surge and Aria. Its platform includes wearable connected health and fitness trackers, which are wrist-based and clippable devices that automatically track users daily steps, calories burned, distance traveled, and active minutes and display real-time feedback. Its trackers also measure sleep duration and quality, and its products track heart rate and global positioning system-based information. It also offers a wireless fidelity connected scale that records weight, body fat and body mass index.
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