Garmin introduces new smartwatches with golf features, driving investor confidence and boosting shares

From Nasdaq: 2025-01-22 09:46:00

Garmin introduces new smartwatches, Approach S44 and Approach S50, with golf-focused features, sleek design, and preloaded maps of 43,000 courses. Priced at $299.99 and $399.99, the watches offer fitness and health features, boosting investor confidence as Garmin shares rise 71.5% over the past year, outperforming industry peers.

Garmin’s diverse product portfolio, including the Montana 760i, Montana 710, and Montana 710i, enhances its market position. The launch of the Instinct 3 Series positions Garmin to compete with Fitbit and Apple, driving revenue growth in 2025. Optimistic forecasts predict earnings growth of 9.3% and revenue growth of 6.3%.

Challenges persist for Garmin with the Marine and Auto OEM segments facing difficulties. Weakened consumer spending due to inflation and high interest rates may impact revenue growth. However, Garmin’s Zacks Rank #3 suggests existing investors hold the stock, while new buyers consider accumulating shares for potential growth opportunities.

Analysts are optimistic about Garmin’s near-term growth prospects as quarterly earnings consistently surpass estimates. The Zacks Consensus Estimate for 2025 earnings and revenues indicate a positive outlook for the company. Short-term challenges in certain market segments may impact performance, but overall growth prospects remain strong.



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