m********n
发帖数: 208 | 1 Fitbit rallies as RBC initiates coverage at outperform
Shares of Fitbit Inc. FIT, +11.03% rose Tuesday, following two days of
losses, after RBC Capital Markets initiated coverage of the stock with an
outperform rating and a price target of $45. "The connected health/fitness
market is in the early growth stages, Fitbit is rapidly gaining share and we
see increasing unit/average selling price growth with a platform approach,"
said analyst Mark Sue. The analyst projected as much as an 83% revenue
growth this year with a more aggressive international growth and corporate
wellness programs. Fitbit shares jumped 7.5% to $35.71 in recent activity,
up nearly 80% from its initial public offering price of $20. |
|
