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Fitbit Rocked The App Store On Christmas
Saturday, December 26, 2015 - 1:07pm | 179Check out this observation from Jon Steinberg: That's right— of all the apps that all the new iphone and ipad users could be installing on Christmas, Fitbit Inc (NYSE: FIT) is the one they're using the most. That means a lot of new devices being unwrapped… Keep...
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Why Fitbit Shares Are 'Exploding'
Monday, December 21, 2015 - 4:37pm | 339Fitbit Inc (NYSE: FIT)'s holiday sales are exploding. Analysts at Pacific Crest Securities say they "would be buyers" of the stock because of pessimistic sentiment, CES coming up and continuing trends in the corporate wellness market. Shares of Fitbit are up more than 4 percent on...
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5 Tech Trends To Watch In 2016
Friday, December 4, 2015 - 4:45pm | 1700Tech is an ever-changing landscape that has provided investors and venture capitalists with an unending supply of "next big things." Over the past decade, Internet use has completely upended the way most companies do business and built an entirely new industry based on connecting people with each...
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What Happened At TechCrunch Disrupt (Translated For Investors)
Thursday, September 24, 2015 - 12:12pm | 787Neil Doshi of Mizuho Securities attended the TechCrunch Disrupt 2015 conference. Highlights include: Facebook Inc (NASDAQ: FB) "firing on many cylinders," Fitbit Inc (NYSE: FIT)'s CEO defended his business, Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s Alphabet viewed...
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Did Alibaba, Box And Fitbit Peak At Their IPOs?
Wednesday, August 12, 2015 - 6:57pm | 491Alibaba Group Holding Ltd (NYSE: BABA), Box Inc (NYSE: BOX) and Fitbit Inc (NYSE: FIT) attracted a world of attention before their IPOs, but investors have been leery ever since. "Previously, an IPO event would signal the growth phase of the company," Global Equities Research analyst Trip Chowdhry...
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Fitbit Falls Hard: Here's What Top Analysts Are Saying
Thursday, August 6, 2015 - 11:51am | 665Shares 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 | 496In 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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Does Wall Street Wear FitBit?
Monday, July 13, 2015 - 3:04pm | 719Many Wall Street analysts initiated coverage of Fitbit Inc (NYSE: FIT) on Monday. Here is a highlight of some of the more notable initiations. SunTrust: ‘Only The FITest Survive' Bob Peck of SunTrust Robinson Humphrey initiated coverage of Fitbit with a Buy rating and $50 price...
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Morgan Stanley, SunTrust Initiate Fitbit With Positive Notes
Monday, July 13, 2015 - 8:18am | 360Analysts at Morgan Stanley and SunTrust Robinson Humphrey initiated coverage on Fitbit Inc (NYSE: FIT) with Equal-Weight and Buy ratings, respectively. Each firm was optimistic of Fitbit's fundamentals and potential for international growth; however, the two differed in their expectations...
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Wearable Tech Is Wowing The Market
Sunday, June 28, 2015 - 8:51pm | 833A 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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Who's The Next Fitbit?
Thursday, June 25, 2015 - 8:47am | 529Things initially looked up for Fitbit Inc (NYSE: FIT), which had its initial public offering earlier this month. The stock soared, rising 52 percent in its debut. Global Equities Research analyst Trip Chowdhry wasn't impressed. In a note to investors, he warned them to "take profits on FIT, as it...
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Why People Are Excited About Fitbit
Tuesday, June 23, 2015 - 1:57pm | 400Paul La Monica is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. CNNMoney Digital Correspondent Paul La Monica argued on Benzinga's #PreMarket Prep that Fitbit Inc (NYSE: FIT) could be the next GoPro Inc (NASDAQ: GPRO). La Monica...
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Barron's Recap: Airline Stocks Ready To Soar
Sunday, June 21, 2015 - 7:13pm | 913This weekend in Barron's online: airline stocks ready to take off, the 50 best annuities in America, mega vacations of the super wealthy, as well as the prospects for Merck, Nintendo, the Bio-Reference Labs buyout and more. Cover Story "Airline Stocks Could Soar Up to 50% in a Year...
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Fitbit CEO Says Company Is 'More Than Just Wearables'
Thursday, June 18, 2015 - 12:04pm | 327Fitbit 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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NYSE Welcomes Fitbit; Shares Skyrocket
Thursday, June 18, 2015 - 11:57am | 176The New York Stock Exchange welcomed Fitbit Inc (NYSE: FIT) early Thursday. Shares of Fitbit opened at $30.40 (52 percent increase) from the initial $20 pricing set on Wednesday evening. Turning Profits Among all the companies that have been offered to the markets this year, Fitbit is among...