Top Robinhood Stocks AMC, Fitbit Get No Love from Analysts

Top Robinhood Stocks AMC, Fitbit Get No Love from Analysts
imageStock Markets8 hours ago (Jun 30, 2020 01:58PM ET)

(C) Reuters.

By Christiana Sciaudone — Robinhood’s merry investors might know something Wall Street doesn’t.

Shares of AMC Entertainment Holdings Inc (NYSE:AMC) and Fitbit (NYSE:FIT) Inc. have not a single buy rating among the analysts who follow them, but they are among the top 100 most popular stocks held by users of the commission-free investing platform.

AMC, the movie theater chain, is down 3.5% Tuesday, trading at $4.26, versus its high of $35.49 in 2015. AMC theaters have been closed for months as a result of the Covid-19 pandemic, and are scheduled to reopen July 30. Imperial Capital dropped its price target for AMC on Tuesday to $4 from $6, The Fly reported. AMC has eight hold ratings and three sell, according to MarketWatch. The average price target is $4.38.

Yesterday, Credit Suisse (SIX:CSGN) analyst Meghan Durkin downgraded AMC to underperform from neutral and dropped her price target to $2 from $4, according to TipRanks.

Fitbit has a similar story. Shares of the fitness device maker are little changed Tuesday, trading at $6.43 compared to a high of $47.60 soon after it went public five years ago. That’s not great news for Google (NASDAQ:GOOGL), which agreed last year to buy Fitbit for $2.1 billion, or $7.35 per share. Fitbit has six hold ratings and no buys or sells, according to MarketWatch. The average price target is $7.35.

Top Robinhood Stocks AMC, Fitbit Get No Love from Analysts

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