Garmin Ltd.'s (GRMN) stock has been strong, which has led to further investigations into its financial prospects. The company recently announced the
Unified Cabin 2025 and the
Instinct 3 Series, both of which have boosted its portfolio. Garmin's financial growth over the last five years is impressive, with a 67% YTD growth and a 140% gain for investors. The launch of the premium
Montana GPS Series and the partnership with Qualcomm on an AI-Powered Digital Cockpit for vehicles has resonated positively in the market. On the downside, some analysts have given GRMN a consensus rating of 'Reduce'. Other notable developments include the unveiling of the new
zūmo R1 Radar and the announcement of their third quarter 2024 results. Despite achieving record revenue and strong segment growth, the company's CFO recently sold $366,270.39 in stock and there are suggestions that Garmin is potentially undervalued. Additionally, although Garmin's Q3 was striking, some analysts are concerned about their high valuation. An impressive 55-58% of the company is owned by institutional shareholders.
Garmin Ltd GRMN News Analytics from Wed, 01 May 2024 07:00:00 GMT to Fri, 10 Jan 2025 22:43:15 GMT -
Rating 7
- Innovation 9
- Information 6
- Rumor 4
