Fitbit – a trendy little wristband that is being duplicated practically by ever major tech company, including Apple, Microsoft, as well as an array of apps that allow the smart phone to replicate much of the same. 

So with FIT dropping hard and fast in recent days, what is up with all these reiterations of price targets, namely Morgan Stanley’s $99.00 price target?  I mean who pays these guys to come up with these fairy tale, pie-in-the-sky numbers. Not only that, but they re-iterated those numbers TODAY!

fitbit what are those