Core Viewpoint - Garmin Ltd. is experiencing potential for accelerating revenue growth, particularly in its fitness and smart wearables segments, leading to a revised price target and a strong buy recommendation from Tigress Financial [1][2][5]. Company Performance - Garmin's current stock price is $244.12, showing a slight decrease of 0.57% or $1.41, with a trading range today between $243.25 and $245.56 [3]. - Over the past year, Garmin's stock has fluctuated significantly, reaching a high of $246.50 and a low of $160.94, indicating notable volatility [3][5]. - The company has a market capitalization of approximately $46.99 billion, reflecting its substantial presence in the market [4][5]. Analyst Insights - Tigress Financial has reaffirmed a "Strong Buy" rating for Garmin, raising the price target from $285 to $305, suggesting a potential total return of over 25% from current levels [2][5]. - The increase in price target is attributed to the anticipated acceleration in revenue growth driven by Garmin's performance in the fitness and smart wearables segments [2][5].
Garmin Ltd. (NYSE:GRMN) Receives Strong Buy Rating from Tigress Financial