Multiple institutions increased their holdings in
Garmin Ltd. (NYSE:GRMN), creating a significant buzz within the investor community.
Allspring Global Investments, Banque Pictet & Cie SA, Mirae Asset Global, Consolidated Portfolio Review Corp, and more have grown their position, demonstrating a robust institutional interest. However, several others including
Empowered Funds LLC, Bleakley Financial and
Narwhal Capital Management reduced their stake. Ahead of Garmin's Q4 Earnings, Wall Street has set certain key metric estimates that the corporation is expected to meet. On the innovation front, Garmin has released products like the
G2 Dive Watch, Descent G2 watch-style dive computer and the
SERV+ AI-powered RV Control Panel which were hailed as revolutionary. Garmin shares have shown strong momentum with solid financial prospects. This growth has been backed by a rise in earnings and strong segment growth in Q3, 2024. It was noted by
Athletech News to be one of the most
Innovative Fitness and Wellness Companies of 2025. Garmin also showcased robust growth and the release of new products like the Approach G20 Solar, further bolstering its innovative reputation. Garmin's stock defied the odds despite the market downturn, reaching an all-time high price. However, while fundamentals remain strong, questions around valuation were raised in some quarters.
Garmin Ltd GRMN News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 15 Feb 2025 11:12:55 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -3
