Tag Archives: fit

Fitbit passes Wall Street physical, stock rises

A bunch of Wall Street analysts gave Fitbit a physical on Monday and gave the maker of fitness-tracking devices a thumbs up. Fitbit stock rose 3.3% Monday to 43.48, earlier touching an all-time high of 44.59. Fitbit went public on June 18 at 20. Investment banks Deutsche Bank, Stifel and SunTrust Robinson Humphrey initiated coverage of the stock with buy ratings. Piper Jaffray initiated with an overweight rating. Others were on the fence, based on valuation and competitive concerns. Morgan Stanley rated Fitbit as equal weight, while Bank of America Merrill Lynch and Raymond James rated it neutral and market perform, respectively. ” Fitbit (FIT) is an authentic consumer brand that is leading the wearable technology space and is a brand that has become synonymous with the category,” Piper Jaffray analyst Erinn Murphy said in a research report. She set a price target of 52 for Fitbit stock. Fitbit has shown …

Fitbit stock jumps after getting healthy report

Fitness tracker maker Fitbit (FIT)  jumped nearly 5% on Tuesday after receiving a healthy report from investment bank Robert W. Baird & Co. Fitbit stock rose 4.9% to 42.15 on the stock market today, 23 cents shy of an all-time closing high. Fitbit shares hit their record high of 44.38 on Thursday. The San Francisco-based company made its IPO on June 18 at 20. Baird analyst William Power initiated coverage of Fitbit with an outperform rating and a price target of 52.

Fitbit stock gets a workout, hits new high

With the Apple Watch no longer seen as a threat, fitness tracker Fitbit (FIT) saw its shares return to record high territory on Wednesday. Fitbit stock rose 10.9% to close the regular session at 42.38, an all-time high. San Francisco-based Fitbit went public on June 18 at 20 and hit its previous record of 40.45 on its third day of trading. Shares then trended down and fell as low as 32.50 on Monday before rebounding. Fitbit got an assist on Tuesday from a bullish report by RBC Capital Markets analyst Mark Sue. He initiated coverage of Fitbit with an outperform rating and a price target of 45.