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Morgan Stanley reported on Fitbit Inc (NYSE:FIT), bumping its target to $7.00 earlier today

Morgan Stanley bumped up the target of Fitbit Inc (NYSE:FIT) to $7.00 reporting a potential upside of 0.14%.

Previously on 7/31/2017, Morgan Stanley reported on Fitbit Inc (NYSE:FIT) lowered the target price from $7.00 to $6.50. At the time, this indicated a possible upside of 0.25%.

Just yesterday Fitbit Inc (NYSE:FIT) traded 2.37% higher at $6.12. The company’s 50-day moving average is $6.53 and its 200-day moving average is $6.53. With the last close down -4.25% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Volume of trade was down over the average, with 1,831,008 shares of FIT changing hands under the typical 6,246,740

Performance Chart

Fitbit Inc (NYSE:FIT)

With a total market value of $0, Fitbit Inc has with a one year low of $4.90 and a one year high of $14.26 .

A total of 17 analysts have released a report on the company. 0 brokers rating the stock a strong buy, zero equity analysts rating the company a buy, zero firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price 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 Flex 2, Fitbit Charge, Fitbit Charge 2, Fitbit Blaze, Fitbit Charge HR, Fitbit Surge, Fitbit Accessories 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.

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