Garmin raises full-year guidance, results beat amid unabated demand
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Garmin Ltd. (GRMN) PT Raised to $212 at JPMorgan
October 31, 2024 7:41 AM EDTJPMorgan analyst Samik Chatterjee raised the price target on Garmin Ltd. (NYSE: GRMN) to $212.00 (from $178.00) while maintaining a Neutral rating.
The analyst comments "Garmin reported another solid earnings beat in 3Q24; albeit, this time with a raise to the full-year guide that well surpassed the hurdle that was set by the premium valuation. While we expected a more resilient quarter than what the bearish investors had been... More
