Today’s Research Reports on Stocks to Watch: Fitbit and Weight Watchers

NEW YORK, NY / ACCESSWIRE / June 6, 2018 / Shares of Weight Watchers and Fitbit, which both help people stay healthy, were big winners in Tuesday’s session. Weight Watchers hit a new 52-week high after getting coverage initiated on it by a BofA analyst. Shares of Fitbit soared after the company announced on Monday that it had sold over 1 million Versa smart watches.

RDI Initiates Coverage on:

Fitbit, Inc.
https://rdinvesting.com/news/?ticker=FIT

Weight Watchers International, Inc.
https://rdinvesting.com/news/?ticker=WTW

Fitbit, Inc. shares closed up 6.66% yesterday on roughly 11.5 million shares traded. The wearable health tracker company announced earlier in the week that it has shipped over one million Versa devices since the watch hit retail in the middle of April. The Versa is the company’s all-day smartwatch with personalized insights, music, battery life of 4+ days & more. “With Fitbit Versa, we are delivering on our promise to offer a true mass appeal smartwatch with engaging new features. The positive response to Versa shows that we are filling this void and well positions us to gain share of the fast-growing smartwatch market,” said Fitbit CEO James Park.

Access RDI’s Fitbit, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FIT

Weight Watchers International, Inc. shares closed up a little over 8% on Tuesday on about 3 million shares traded. The weight loss company hit a new 52-week high of $86.85 after analyst Olivia Tong of Bank of America Merrill Lynch initiated coverage on the stock. Tong gave the stock a “buy” rating with a $95 price target. According to BofA, the company is targeting $2 billion in sales in 2020 which the bank thinks is achievable through client expansion. Tong wrote, “While the upfront cost likely poses a hindrance in attracting certain cohorts, especially Gen Z/millennials, WTW has merely scratched the surface on recruitment in its core demographic (40-60-year-old women) with meaningful upside if successful in bringing in new cohorts.” It was last week that the company launched WW Good™, a global social impact campaign that aims to make health and wellness more accessible to all. “As a global purpose-driven brand, we have the capability and are committed to make communities healthier and make healthy habits accessible to all, not just the few,” remarked the company’s CEO Mindy Grossman. She added, “WW Good is an inspiring initiative that aims to unite our global community in a purpose beyond achieving personal success to help others live healthier, inspire healthy habits and create a world that’s better for everyone.”

Access RDI’s Weight Watchers International, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=WTW

Our Actionable Research on Fitbit, Inc. (NYSE: FIT) and Weight Watchers International, Inc. (NYSE: WTW) can be downloaded free of charge at Research Driven Investing.

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