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FIT

Fitbit

$5.22

-0.05 (-0.95%)

08:41
07/31/17
07/31
08:41
07/31/17
08:41

Fitbit price target cut to $6.50 on sell through declines at Morgan Stanley

Morgan Stanley analyst Yuuji Anderson channel feedback and Google search analysis indicates Fitbit's overall unit sell-through year-over-year is declining, and the recently launched Alta HR is having a minimal impact. Anderson lowered FY18 estimates to reflect expectations for continued weakness in the activity tracker category into next year and cut his price target on Fitbit to $6.50 from $7.00. The analyst rates Fitbit an Equal Weight.

  • 02

    Aug

FIT Fitbit
$5.22

-0.05 (-0.95%)

06/06/17
SBSH
06/06/17
NO CHANGE
Target $5
SBSH
Sell
Fitbit checks suggest weak domestic sales, says Citi
Citi analyst Stanley Kovler says his firm's channel checks into app downloads, Google search and pricing suggest continued near-term weak domestic sales for Fitbit (FIT) but some improvements international, mainly in Europe and Latin America. According to IDC, Apple (AAPL) and Xiaomi tied for the top position in wearables with 15% unit share apiece versus Fitbit at number three with 12% share in Q1, down from 23% last year, Kovler tells investors in a research note. The analyst points out that it took Apple four-to-five quarters to start making a "competitive dent" against a prior industry leader BlackBerry (BBRY). Kovler believes the same could now be playing out with Fitbit against the Apple Watch. He keeps a Sell rating on Fitbit shares with a $5 price target.
06/22/17
SBSH
06/22/17
NO CHANGE
SBSH
Sell
Fitbit post Father's Day app downloads down from last year, says Citi
Citi analyst Stanley Kovler said that his proprietary checks indicate that Fitbit's post Father's Day app downloads are "just OK," down from the high-mark set in Spring 2016. The analyst, who also noted recent discounting and flash sales of Fitbit products, keeps a Sell rating on the stock.
06/23/17
STFL
06/23/17
NO CHANGE
STFL
Fitbit reorganization of product development efforts positive, says Stifel
After meeting with Fitbit's VP, IR, Stifel analyst Jim Duffy says that the company's acquisition of software assets from Pebble and subsequent reorganization have left it better positioned to develop new products more quickly. The analyst adds that the the company is now better positioned to benefit from solutions created by third party developers. Duffy adds that checks show that the company is making progress in lowering its inventories, and he remains "encouraged" by the company's positioning in the wearables category. However, he trimmed his price target on the name to $6 from $7 and keeps a Hold rating on the stock.
07/26/17
CLVD
07/26/17
NO CHANGE
CLVD
Neutral
Fitbit estimates lowered on cautious feedback at Cleveland Research
Cleveland Research analyst Ben Bollin's checks suggest wearable sell through remains challenging, with elevated Fitbit inventory, and weakening trends, especially in Europe. The analyst lowered his Fitbit FY17 revenue estimate to reflect Surge 2 feedback of muted partner commitments and now sees sell through declines of 20%-30%. Bollin's Fitbit Q2 estimates are (17c)/$337M, versus consensus of (15c)/$341M, and he reduced FY17 estimates to (44c)/$1.54B, versus consensus of (35c)//$1.62B. Shares are Neutral rated.

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General news
FX Update: Narrow ranges have been prevailing »

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SPN

Superior Energy

$8.81

-0.14 (-1.56%)

21:18
11/20/17
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Superior Energy rating change at SunTrust »

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MDT

Medtronic

$78.90

-0.59 (-0.74%)

, LOW

Lowe's

$81.46

1.24 (1.55%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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MDT

Medtronic

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-0.59 (-0.74%)

LOW

Lowe's

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1.24 (1.55%)

ADI

Analog Devices

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DLTR

Dollar Tree

$97.11

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HRL

Hormel Foods

$33.40

0.28 (0.85%)

CPB

Campbell Soup

$49.93

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BURL

Burlington Stores

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1.82 (1.74%)

SIG

Signet Jewelers

$75.84

-0.74 (-0.97%)

DSW

DSW

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0.38 (1.72%)

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CCLP

CSI Compressco

$5.28

-0.16 (-2.94%)

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AMAT

Applied Materials

$57.62

1.13 (2.00%)

, AAPL

Apple

$169.98

-0.17 (-0.10%)

19:04
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Applied Materials expected to purchase former Apple complex, Mercury News says »

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Applied Materials

$57.62

1.13 (2.00%)

AAPL

Apple

$169.98

-0.17 (-0.10%)

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FOX

21st Century Fox

$29.90

-0.58 (-1.90%)

, FOXA

21st Century Fox

$30.66

-0.49 (-1.57%)

18:21
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18:21
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18:21
Periodicals
Fox reaches $90M settlement over sexual harassment scandal, Reuters says »

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21st Century Fox

$29.90

-0.58 (-1.90%)

FOXA

21st Century Fox

$30.66

-0.49 (-1.57%)

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BABA

Alibaba

$188.00

2.87 (1.55%)

18:19
11/20/17
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18:19
Hot Stocks
Muddy Waters says Alibaba numbers 'obviously fake' »

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PANW

Palo Alto Networks

$142.53

-0.19 (-0.13%)

, CHKP

Check Point

$102.98

0.83 (0.81%)

18:15
11/20/17
11/20
18:15
11/20/17
18:15
Recommendations
Palo Alto Networks, Check Point, Fortinet analyst commentary at JPMorgan »

Palo Alto quarter…

PANW

Palo Alto Networks

$142.53

-0.19 (-0.13%)

CHKP

Check Point

$102.98

0.83 (0.81%)

FTNT

Fortinet

$40.77

0.46 (1.14%)

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AMZN

Amazon.com

$1,126.31

-3.57 (-0.32%)

18:14
11/20/17
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18:14
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18:14
Hot Stocks
Amazon announces cloud software for U.S spy agencies AWS Secret Region »

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    Mar

BIVV

Bioverativ

$50.76

-5.35 (-9.53%)

, RHHBY

Roche

$30.82

1.72 (5.91%)

18:08
11/20/17
11/20
18:08
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18:08
Recommendations
Deutsche cuts Bioverativ target to $53 after positive Roche data »

Deutsche Bank analyst…

BIVV

Bioverativ

$50.76

-5.35 (-9.53%)

RHHBY

Roche

$30.82

1.72 (5.91%)

SHPG

Shire

$141.37

-6 (-4.07%)

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    Feb

CUBI

Customers Bancorp

$27.04

0.28 (1.05%)

18:04
11/20/17
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18:04
Hot Stocks
Customers Bancorp: Flagship could raise capital in IPO transaction in 1H18 »

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T

AT&T

$34.64

0.13 (0.38%)

, TWX

Time Warner

$87.71

-1.01 (-1.14%)

18:04
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Hot Stocks
AT&T CEO says has offered DOJ solutions that were not accepted »

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AT&T

$34.64

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TWX

Time Warner

$87.71

-1.01 (-1.14%)

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NGD

New Gold

$3.21

-0.02 (-0.62%)

18:02
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18:02
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New Gold announces sale of Peak Mines for $58M »

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IMI

Intermolecular

$1.31

0.1 (8.26%)

18:01
11/20/17
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Hot Stocks
Intermolecular partners with SITRI to develop MtM technologies »

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CMCSA

Comcast

$35.83

-0.33 (-0.91%)

18:00
11/20/17
11/20
18:00
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18:00
Initiation
Comcast initiated at Buckingham »

Comcast initiated with an…

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MLNX

Mellanox

$51.05

1 (2.00%)

17:59
11/20/17
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Hot Stocks
Mellanox up nearly 6% after Starboard discloses a 9.8% stake in the company »

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PLNT

Planet Fitness

$30.15

0.07 (0.23%)

17:58
11/20/17
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17:58
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17:58
Initiation
Planet Fitness initiated at DA Davidson »

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TER

Teradyne

$44.43

0.86 (1.97%)

17:57
11/20/17
11/20
17:57
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17:57
Downgrade
Teradyne rating change at Deutsche Bank »

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CBS

CBS

$55.93

-0.81 (-1.43%)

17:56
11/20/17
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17:56
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Periodicals
CBS News suspends Charlie Rose following sexual harassment claims, AP says 

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CBS

CBS

$55.93

-0.81 (-1.43%)

17:55
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Periodicals
Eight women accuse Charlie Rose of sexual harassment, Washington Post says »

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MLNX

Mellanox

$51.05

1 (2.00%)

, MRVL

Marvell

$21.59

1.3 (6.41%)

17:53
11/20/17
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11/20/17
17:53
Hot Stocks
Starboard Value reports 9.8% stake in Mellanox, may seek talks »

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Mellanox

$51.05

1 (2.00%)

MRVL

Marvell

$21.59

1.3 (6.41%)

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CDXS

Codexis

17:46
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Breaking Hot Stocks news story on Codexis »

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T

AT&T

$34.64

0.13 (0.38%)

, TWX

Time Warner

$87.71

-1.01 (-1.14%)

17:45
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Hot Stocks
AT&T CEO says giving up control of CNN is a 'non-starter' »

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Time Warner

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BBY

Best Buy

$56.35

0.52 (0.93%)

17:45
11/20/17
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Conference/Events
Best Buy management to meet with SunTrust »

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T

AT&T

$34.64

0.13 (0.38%)

, TWX

Time Warner

$87.71

-1.01 (-1.14%)

17:43
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Hot Stocks
AT&T CEO says DOJ suit 'defies logic' »

Says has offered…

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Time Warner

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