What’s a fair price for Fitbit stock: $10 or $58?

By | September 8, 2015

Scalper1 News

Fitbit (FIT) stock jumped on Tuesday after Morgan Stanley upgraded the maker of wearable activity trackers. But others are bearish on Fitbit. Global Equities Research sounded the sell alarm Tuesday for the fitness band leader. Morgan Stanley analyst Katy Huberty upgraded Fitbit stock to overweight from equal weight and raised her price target to 58 from 43. Fitbit stock was up 8%, near 34.50, in morning trading on the stock market today. In a Scalper1 News

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