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Fitbit (FIT) stock jumped Tuesday on a report that said demand for the company’s activity trackers appears strong heading into the holiday shopping season. Pacific Crest Securities analyst Brad Erickson reiterated his overweight rating on Fitbit stock with a price target of 47. Fitbit was up 2% in afternoon trading on the stock market today, near 37. “Investors remain overly concerned with competition,” Erickson said in a research report, also Scalper1 News
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