Garmin Ltd. (GRMN) has garnered tremendous attention in recent fiscal quarters due to a variety of factors. The company experienced significant stock fluctuation, however, analysts such as those from Zacks and Goldman Sachs view Garmin as a strong growth stock, expecting it to outperform with a price target of $244. Investment entities like Bridgewater Associates LP, Bank of Montreal, and Blueshift Asset Management have reduced their stock position, yet others such as Fmr LLC, Captrust Financial Advisors, Cerity Partners, and Dai ichi Life Insurance Company increased theirs. Highlighted in their Q3 2024 earnings report are a record revenue and impressive segment growth. Prominent institutional shareholders own a majority of company stakes, amplifying its overall potential impact. The stock soared by 24% thanks to third-quarter revenues hitting $1.59B, mainly led by fitness sales. On the other hand, notable reduction in the company's stock position was initiated by entities like Ontario Teachers Pension Plan Board, Thrivent Financial for Lutherans, ARK Investment Management, and GSA Capital Partners LLP. Garmin has been distinguished by winning several innovation awards, contributing to a bullish market sentiment. The company’s future revenue growth rate is projected to be 7.70% over the next three years.
Garmin Ltd GRMN News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 30 Nov 2024 14:45:23 GMT -
Rating 8
- Innovation 8
- Information 7
- Rumor 4
