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Vetr Upgrades Fitbit To 5 Stars

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Vetr downgraded Fitbit Inc. (NYSE: FIT) from 4 to 5 stars.

Fitbit has traded up 5.3 percent since a big EPS and revenue beat in its second-quarter earnings report at the start of August.

See how crowdsourced ratings can help predict the market?

Vetr members have given Fitbit a Strong Buy rating and a $6.17 price target. This price target is lower than the $10.10 price target from professional analysts. The stock opened Tuesday at $5.20.

Of all Vetr voters, 75 percent believe that traders should hold Intuitive Fitbit stock.

For Vetr’s full analysis of Fitbit, go here.

 

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