Garmin Ltd. has been gaining attention in the stock market with its shares being constantly bought and sold by various asset management groups like
Empirical Asset Management LLC,
Albert D Mason Inc. and
Argent Capital Management LLC. The GPS technology company has been expanding its portfolio with new products such as the
APK 10 Autopilot Keypad and the
ECG App in various regions including Australia and the European Union. Furthermore, it has also unveiled a
Unified Cabin 2025 and an
AI-Powered Digital Cockpit in collaboration with Qualcomm. Garmin's shares are heavily dominated by institutional owners, with 58% ownership of the shares. The company reported a record-breaking revenue of
$1.59 billion in Q3 2024, surpassing estimates. Going forward, the firm is expanding its product line with new additions such as the
Instinct 3 Series of rugged smartwatches, and the Montana GPS series with optional SOS satellite communication capabilities. Recently, the company's stock reported an all-time high of
$214.83. Analysts are speculating on whether the company is undervalued, with some estimates suggesting a share price target of up to $265.
Garmin Ltd GRMN News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 18 Jan 2025 12:01:41 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 3
