Garmin Ltd. is reportedly thriving, with a plethora of active factors contributing to its steady market progression. This includes an upward revision of stock price target to $185 by BofA Securities, and a solid Q3 performance. Although its valuation is noted as being high, the stock outperformed competitors on certain trading days. Institutional investors hold a majority stake of 58% in Garmin. The company garnered recognition at the 2025 CES Innovation Awards for its Unified Cabin automotive OEM solution and also received the Aviation Week Award for its revolutionary runway safety technology. There was some fluctuation in stock holdings by various capital management and investment firms. Garmin announced a dividend of $0.75 and its inReach Messenger Plus won the 2025 Best Innovation Award for Satellite Tech. The firm’s Q3 revenue hit $1.59B, driven by Fitness Sales. Predictions indicate a 46% EPS beat, while stock soared 24%. New products were introduced including a large-format dive computer dubbed the Descent X50i and a $4,999 Golf Simulator boasting 43,000+ virtual courses. The stock has reached an all-time high of $186.1 with Jim Cramer asserting it as 'Real Deal' that’s set to soar higher.
Garmin Ltd GRMN News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 23 Nov 2024 00:53:29 GMT -
Rating 8
- Innovation 8
- Rumor 7
