Tigress Financial raised the firm’s price target on Garmin (GRMN) to $265 from $215 and keeps a Strong Buy rating on the shares. The firm said that ongoing innovation, new product introductions, and operational excellence are driving revenue and cash flow growth and further shareholder value creation. The company’s ongoing cadence of new product introductions continues to drive its competitive advantage with product enhancements, and new applications continue to drive the growth of its ecosystem and will continue to drive accelerating Business Performance trends, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GRMN:
- SPY ETF Update, 12/16/2024
- VOO ETF Update, 12/13/2024
- SPY ETF Update, 12/11/2024
- Garmin dips after Bloomberg report on sattelite-enabled Apple Watch Ultra
- VOO ETF Update, 12/10/2024
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
