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Fintech Focus For September 18, 2020
Thursday, September 17, 2020 - 9:57pm | 2110Read More...Good morning! If you're new to the Fintech Focus, you can subscribe here! Quote Of The Day: You can do everything right and still fail. - Will Eastman Fintech Movers: Banking giant UBS is skeptical that Bitcoin is a safe-haven asset, according to a report issued on September 9 by its Swiss...
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Longbow Research Sees Fitbit Continuing To Take Market Share In Affordable Wearables
Wednesday, August 3, 2016 - 11:05am | 344Read More...Longbow Research expects Fitbit Inc (NYSE: FIT) to continue to take share in mainstream $100–$150 wearables. Fitbit reported second-quarter EPS of $0.12, $0.01 above consensus, and its revenue of $586.5 million also topped the Street's view of $578 million. The strong demand for Alta, Blaze...
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Fitbit Ripe For Takeover With Samsung And Apple's Commitment To Wearables
Friday, June 24, 2016 - 8:13am | 388Read More...BlueFin’s John Donovan believes that there is evidence of too much inventory at Fitbit Inc (NYSE: FIT), as well as “a laser-like focus on sell through” ahead of the launch of newer models at the end of 2016. Predictions Bearing Fruit Donovan mentioned robust production cuts were...
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Fitbit's Newest Products Generating Extremely Positive Social Media Buzz
Wednesday, May 4, 2016 - 2:13pm | 284Read More...The latest data from TickerTags indicates that Fitbit Inc (NYSE: FIT) seems to have gotten it right with the launch of two brand new products in Q1. With the company set to release Q1 earnings on Thursday, social media buzz surrounding the Fitbit Blaze and the bracelet-like Fitbit Alta is...
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A Timeline Of Fitbit's 56% Fall In 2016
Wednesday, February 24, 2016 - 8:54am | 406Read More...Shares of Fitbit Inc (NYSE: FIT) are down 55.8 percent in the first two months of 2016, while the S&P 500 is down 6 percent. The stock closed Tuesday at $13.08 after opening the year trading around $30 per share. Here's a timeline examining the catalysts driving the selloff. January...
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SunTrust Reiterates 'Buy The Dip' In Fitbit
Tuesday, January 19, 2016 - 9:45am | 435Read More...Fitbit Inc (NYSE: FIT) shares have plunged 39 percent since January 4. SunTrust Robinson Humphrey’s Robert S. Peck maintained a Buy rating for the company, while reducing the price target from $48 to $30. While the company’s fundamentals remain sound, the price target...
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Can Fitbit's Blaze Compete?
Thursday, January 7, 2016 - 9:53am | 413Read More...This week, Fitbit Inc (NYSE: FIT) unveiled its latest product, a fitness smart watch, at the Consumer Electronics Show (CES 2016) in Las Vegas. The new watch, called the Blaze, appeared to fall flat with investors, as many wondered whether the firm's attempt to cross over into the smartwatch market...
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Analysts At Odds With Market Over Fitbit
Wednesday, January 6, 2016 - 3:47pm | 367Read More...With the company set to release its Q4 earnings on February 1, Fitbit Inc (NYSE: FIT) shares have plummeted since the launch of its new Blaze product. Clearly, the market is punishing Fitbit’s stock, but you wouldn’t know it by reading what analysts have to say. Here’s how several...
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Morgan Stanley On Fitbit: Pullback Creates Buying Opportunity
Wednesday, January 6, 2016 - 9:48am | 423Read More...Fitbit Inc (NYSE: FIT) shares have declined 42.52 percent over the past six months, dropping almost to their 52-week low from January 5, at $24.30. Morgan Stanley’s Katy L. Huberty has maintained an Overweight rating on the company, with a price target of $99. Huberty believes the...









