Garmin Ltd. GRMN has been the focus of multiple financial transactions recently. Franklin Resources, Y Intercept Hong Kong, and State Street Corp are among the institutions purchasing its stocks. The price target for Garmin is raised to $265 at Tigress Financial Partners. The company’s Q3 2024 earnings UNEXPECTEDLY surpassed estimates, attaining record revenue, and notable growth across segments. However, the company shares underperformed in the market on multiple occasions compared to its competitors. Garmin's user growth notably clocked a 65% increase in track running. There has been increasing interest in the company as an attractive Gym and Fitness stock. However, many analysts have mixed opinions about the company's future, with several suggesting that the company may be currently overvalued, voiced by the 'Reduce' consensus rating. Over the past year, Garmin has also received recognition for its industry achievements, including the Most Innovative Marine Company award for the second consecutive year.
Garmin Ltd GRMN News Analytics from Wed, 01 May 2024 07:00:00 GMT to Fri, 20 Dec 2024 10:30:27 GMT -
Rating 5
- Innovation 7
- Information 9
- Rumor 4
