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Meet Joe Wittine, The Analyst Buying Fitbit Now
Thursday, March 31, 2016 - 12:14pm | 481Read More...Fitbit Inc (NYSE: FIT) may be down over 50 percent for the year-to-date period and the last 12 months, but a rally could be forthcoming. At least, that's what one Longbow Research analyst believes. Analyst Joe Wittine has initiated coverage of Fitbit on the last day of 2016 Q1, citing there...
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Fitbit On The Rise As Citron Comes Out Positive
Friday, March 11, 2016 - 1:28pm | 403Read More...Shares of Fitbit Inc (NYSE: FIT) hit a day's high of $14.52 after short-seller Andrew Left's positive comments on the company. "Tough to short here because wearables are for real with a big total addressable market. It is a compelling product," Citron Research's Andrew...
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Kantar Report Shows Why Apple Needs To Innovate Quicker
Wednesday, February 24, 2016 - 1:19pm | 456Read More...Apple Inc. (NASDAQ: AAPL) needs to innovate faster and explore new markets, as the smartphone sales are slowing and would be tough to return to its earlier levels of double-digit growth. A Kantar report, covered by Patently Apple, shows that mobile phone penetration in the US has reached 91...
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Under Armour's Partnership With IBM Could Revive Both Brands
Tuesday, January 26, 2016 - 9:55am | 453Read More...Under Armour Inc (NYSE: UA) and International Business Machines Corp. (NYSE: IBM) are teaming up to bridge technology and athletics in order to create what they believe will be one of the most comprehensive health and fitness tracking programs. Both companies are working to secure their places in...
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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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CES 2016 Expected To Be Huge For Drones, Virtual Reality And Wearables
Monday, December 28, 2015 - 12:25pm | 444Read More...This year’s CES kicks off next week in Las Vegas. FBR expects that virtual reality, drones and wearables will be key themes at this year’s show. The firm expects that device integration will be a primary focus of the next wave of wearable software. Next week, FBR & Co...
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6 Stocks That Add Wearables To Your Portfolio
Thursday, December 10, 2015 - 10:40am | 1602Read More...The market for wearable technology has certainly taken off over the past year. More people are looking to smartwatches and fitness trackers to lead healthier, more streamlined lives and keep track of important biometric information. Many analysts believe 2015 was just the beginning of the...
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Corporate Wellness Represents An 'Underappreciated Opportunity' For Fitbit
Thursday, September 17, 2015 - 3:38pm | 384Read More...Shares of Fitbit Inc (NYSE: FIT) were trading higher by nearly 4 percent on Thursday in reaction to a bullish research note from Pacific Crest. Analysts at Pacific Crest maintained an Overweight rating on the stock with an unchanged $47 price target. Analysts noted that corporate wellness "could...
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Morgan Stanley: Wearables Are Becoming 'Mainstream' And Apple Isn't The Only Way To Play It
Tuesday, September 8, 2015 - 10:23am | 430Read More...Since its IPO in June, Fitbit Inc (NYSE: FIT) has gained 7.4 percent. During that same time, Apple Inc. (NASDAQ: AAPL) is 15 percent lower. Katy Huberty at Morgan Stanley upgraded Fitbit to Overweight with a $58 price target. Huberty said that the outlook for wearable technologies is...
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Fitbit Falls Hard: Here's What Top Analysts Are Saying
Thursday, August 6, 2015 - 11:51am | 665Read More...Shares of Fitbit Inc (NYSE: FIT) were trading lower by 14 percent Thursday. The company reported a better-than-expected second-quarter print (its first ever as a public company) as revenue grew sequentially and showed a year-over-year acceleration from the first quarter on strong device sales....
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Morgan Stanley Discusses Fitbit Initiation, Notes 'Large Opportunity' But Valuation Concerns
Friday, July 17, 2015 - 9:15am | 496Read More...In a video published Friday, Morgan Stanley analysts Katy Huberty and James Faucette discussed their recent initiation of Fitbit Inc (NYSE: FIT) with an Equal-Weight rating with a $42 price target. According to Huberty, Fitbit is a "leader" in the "very large and growing"...
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Wearable Tech Is Wowing The Market
Sunday, June 28, 2015 - 8:51pm | 833Read More...A big week for wearable devices has helped lift the sector’s investing profile. To little surprise, Apple Inc. (NASDAQ: AAPL) was the source of some of that good feeling. A report last week estimated that the company had sold 2.79 million of its recently debuted Apple Watches, as of mid-...
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Fitbit CEO Says Company Is 'More Than Just Wearables'
Thursday, June 18, 2015 - 12:04pm | 327Read More...Fitbit Inc (NYSE: FIT), one of the few wearables company that is profitable, priced its IPO at $20 a share on Thursday and its shares opened up with gains of 52 percent as it debuted on the New York Stock Exchange. Fitbit co-founder and CEO James Park was on CNBC to discuss the company...
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Oppenheimer Spent A Week With The Apple Watch
Thursday, April 30, 2015 - 11:15am | 319Read More...In a report published Wednesday, Oppenheimer analyst Andrew Uerkwitz detailed his personal thoughts after spending almost a week with Apple Inc. (NASDAQ: AAPL)'s Watch. "As a first-generation product, the Watch is very successful at providing incremental convenience, removing...
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Motif: Apple Tops In Wearables Market Opportunity
Wednesday, April 29, 2015 - 1:45pm | 279Read More...Apple Inc. (NASDAQ: AAPL)'s market opportunity for wearable devices tops all competitors on a list of 25 companies compiled by the online trading platform Motif Investing. Apple, whose wearable devices are limited to the Apple Watch, got a weighting of 14.7 percent on a list of 25 companies...













