Monday, July 24, 2017

Check Out This Sleeper Stock With 50-100% Upside

Shares of Fitbit Inc (NYSE:FIT) are still hovering near their all-time lows. Trading at $7.37, the stock is extremely attractive to a takeover from any bigger player looking to up their game in fitness tracking. This could be an Apple Inc or another big player. Fitbit Inc is profitable and trading at a P/E of just 17. For reference, the S&P 500 P/E is close to 30. Analysts in recent months have stated that Fitbit Inc is still the leader in wearable fitness tracking, thus making them an attractive buyout target. I am a buyer here, looking for significant upside.

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