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home / news releases / FIT - Fitbit: Premium Services To The Rescue


FIT - Fitbit: Premium Services To The Rescue

The market is so negative on Fitbit (FIT) that a transitional deal with a foreign government only led to a 2% daily gain for the fitness tracking stock. The company remains in the process of shifting to a medical device and premium services company while the market completely ignores the move due to recent weak sales. My investment thesis remains very bullish on the stock due to the deep value and potential for services revenue growth that leads to multiple expansion.

Image Source: Fitbit website

Premium Services

In the fall, Fitbit plans to

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Stock Information

Company Name: Fitbit Inc. Class A
Stock Symbol: FIT
Market: NYSE
Website: fitbit.com

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