Garmin (GRMN) is a top player in GPS technology with strong revenue growth

From Nasdaq: 2024-11-30 04:30:00

Garmin (GRMN) is a top player in GPS technology, with revenue spread across Outdoor, Fitness, Marine, Auto, and Aviation segments. The stock has surged 65% YTD, fueled by strong earnings estimates. Analysts have raised FY24 and FY25 projections by nearly 16%. The Fitness segment, which accounts for 25% of sales, is a key growth driver.

Garmin stock is showing a bullish technical setup, with potential for a breakout above $215. For investors seeking a momentum stock with solid fundamentals and promising technical indicators, Garmin is a compelling choice. Its leadership in various markets and positive financial trajectory make it a standout in today’s market.

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Read more at Nasdaq: Bull of the Day: Garmin (GRMN)