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Meta Quest Users Can Now Monitor Their Heart Rates During VR Workouts — But It's Not That Simple
Thursday, January 12, 2023 - 9:20am | 407Meta Platforms Inc. (NASDAQ:META) has announced that it’s introducing two fitness-related features — heart rate monitoring and Health Connect via Android integration — into the Meta Quest experience. What Happened: Meta is integrating a new heart rate tracking feature on Meta Quest — but to...
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Amazon Takes On Apple, Fitbit And Garmin With New Halo Fitness Band
Thursday, August 27, 2020 - 5:55pm | 406Amazon.com, Inc. (NASDAQ: AMZN) announced this week the Amazon Halo, a wearable fitness and health device. The screenless device is a low-cost entry in the crowded smartwatch and tracker field. What Investors Should Know: The launch of the Halo puts Amazon in competition with other wearable...
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3 Reasons Fitbit Could Be An Attractive M&A Target
Tuesday, October 29, 2019 - 11:10am | 363Shares of Fitbit Inc (NYSE: FIT) gained about 30% Monday following an M&A report and the company "could possibly be attractive" to a buyer, according to Morgan Stanley. The Analyst Morgan Stanley's Katy Huberty maintains an Underweight rating on Fitbit's stock with a $3....
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2 Analysts Mixed After Fitbit's Q4 Earnings
Thursday, February 28, 2019 - 2:39pm | 517Fitness tracker and smartwatch maker Fitbit Inc (NYSE: FIT) swung back to a profit in the fourth quarter, but guidance for 2019 disappointed some investors. The report was compelling enough for one research firm to turn bullish, but another continues to recommend investors stick to the sidelines...
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Fitbit Reports A Profit: The Street Debates What's Next
Thursday, November 1, 2018 - 12:10pm | 770Fitness tracker and smart watch maker Fitbit Inc (NYSE: FIT) reported a return to profit in its third-quarter print Wednesday. The Analysts Wedbush's Michael Pachter maintains an Outperform rating on Fitbit with an unchanged $6.50 price target. William Blair's Jeffrey Garro maintains...
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Fitbit's 'Test' Will Come In The Second Half, Says Bearish BofA
Thursday, August 2, 2018 - 11:32am | 405Fitbit Inc (NYSE: FIT) reported a second-quarter earnings beat Wednesday afternoon, but the "real test" for the maker of fitness trackers and watchers is still ahead, according to Bank of America Merrill Lynch. The Analyst Analyst Ryan Goodman maintained an...
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Weight Watchers CEO Discusses Relevance In The Era Of Apps And Wearables
Tuesday, May 15, 2018 - 4:51pm | 499Weight Watchers International, Inc. (NYSE: WTW) was founded decades before fitness apps and wearables, which gave the company by default an advantage over new-age technologies that promote losing weight. But how can the company continue to remain relevant against companies like Fitbit Inc (NYSE:...
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DA Davidson Is Neutral On Fitbit, But Says Wearable Tech Maker Holds 'Tremendous' Opportunity
Tuesday, May 1, 2018 - 11:51am | 425Fitbit Inc (NYSE: FIT) is overseeing a multiyear effort to shift its business toward a recurring revenue model, which implies a bullish stance on the stock is unwarranted, according to D.A. Davidson. The Analyst D.A. Davidson's Tom Forte initiated coverage of Fitbit's stock with a Neutral...
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3 Reasons Why Morgan Stanley Is Bearish On Fitbit
Monday, April 2, 2018 - 8:00am | 322Fitbit Inc (NYSE: FIT) priced its June 2015 initial public offering at $20 per share and early investors were rewarded with the stock's move higher to $50 per share in August. Nearly three years later, however, the narrative has changed. The Analyst Morgan Stanley's Yuuji Anderson...
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Morgan Stanley: Fitbit Needs Product Cycle Improvements
Tuesday, February 27, 2018 - 11:23am | 419Fitbit Inc (NYSE: FIT)'s fourth-quarter report Monday certainly disappointed investors, based on the double-digit percentage decline in the stock. But a bearish case isn't called for just yet, according to Morgan Stanley. The Analyst Morgan Stanley's Yuuji Anderson maintains an...
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Fitbit Falls 13% And Citi Still Says 'Sell'
Tuesday, February 27, 2018 - 10:13am | 367Fitbit Inc (NYSE: FIT) said it lost 2 cents per share on revenue of $570.8 million. Both of these metrics fell short of expectations, which sent shares to a new all-time low and at least one Wall Street analyst sees further downside ahead. The Analyst Citi's Stanley Kovler maintains a...
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Stifel's Bearish Stance On Fitbit No Longer Applies, But Concerns Remain
Wednesday, January 31, 2018 - 1:00pm | 414Shares of Fitbit Inc (NYSE: FIT) have lost more than 13 percent over the past year and are down nearly 85 percent since its 2015 initial public offering. While the company isn't out of the woods just yet, at least one analyst no longer sees the bearish case for the stock moving forward. The...
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What It Will Take For Fitbit To Cross The Finish Line This Year
Thursday, November 2, 2017 - 12:57pm | 433Fitbit Inc (NYSE: FIT)'s third-quarter earnings report demonstrated that the company manage to improve its profitability through higher sales and marketing efficiency, Morgan Stanley's Yuuji Anderson said in a research report. Fitbit reported a revenue of $392.5 million in the quarter and a...
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Fitbit, Despite New NBA Team Deal, Lower On Evidence Inventory Discounting Continues
Tuesday, June 20, 2017 - 1:46pm | 544At first glance, Fitbit Inc (NYSE: FIT) new partnership with the NBA's Minnesota Timberwolves sounds like a positive development that could help the struggling stock that has already lost 30 percent since the start of the year. The Deal As part of an agreement with the Timberwolves, Fitbit would...