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Fitbit Inc (NYSE:FIT) target price upped to $29.00, reported earlier today by Deutsche Bank

Fitbit Inc (NYSE:FIT) had its price target upped to $29 by Deutsche Bank in an issued report released Wednesday August 3 2016. The increased target price indicates a potential upside of 1.20% based on the company’s most recent closing price.

Previously on Thursday June 9 2016, Wedbush reported on Fitbit Inc(NYSE:FIT) upped the target price from $0.00 to $18.00. At the time, this suggested an upside of 0.24%.

Boasting a price of $13.16, Fitbit Inc (NYSE:FIT) traded 0.50% lower on the day. With the last close down 10.65% from the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same time. The company has been tracking to a 50-day moving average of $14.73 and 200-day moving average of $14.41. 11,588,897 shares of the stock traded hands, up from ann average trading volume of 8,795,740

Recent Performance Chart:

Fitbit Inc (NYSE:FIT)

With a market cap of $0.0, Fitbit Inc has a P/E of 34 with a one-year low of $11.65 and a one-year high of $42.04.

A total of 17 brokers have reported on Fitbit Inc. Zero rate the company a strong buy, 0 rate the company a buy, 0 analysts rate the stock a hold, 0 rate the stock to underperform, and lastly 0 analystsrate the company as sell with a 12-month target stock price of $22.29

General Information 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, and body fat and body mass index.

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