Longbow Research disclosed Fitbit Inc (NYSE:FIT), boosting its stock price target to $20.00 earlier today
- Updated: September 19, 2016
Longbow Research upped the estimated target of Fitbit Inc (NYSE:FIT) to $20, reporting a possible upside of 0.25%.
Previously on 8/03/2016, Leerink Swann released a statement for Fitbit Inc(NYSE:FIT) lowered the target price from $18.00 to $16.00 that indicated a possible upside of 0.06%.
Showing a price of $15.95, Fitbit Inc (NYSE:FIT) traded 2.26% higher on the day. With the last stock close up 12.51% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. The company has registered a 50-day moving average of $14.96 and 200-day average of $14.50. Volume of trade was was up over the average, with 11,916,793 shares of FIT changing hands over the typical 8,773,640 shares.
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Fitbit Inc has a P/E of 34 with a one-year low of $11.65 and a one-year high of $41.97 and has a total market value of $0.0.
In addition to Longbow Research reporting it’s stock price target, a total of 17 analysts have released a ratings update on the stock. The average target stock price is $22.29 with 0 rating the stock a strong buy, 0 rating the company a buy, 0 analysts rating the stock a hold, 0 rating the stock to underperform, and finally 0 analystsrating the company as sell.
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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