Garmin sees revenue growth in Fitness, Aviation, and Marine segments, leading to strong 2025 outlook.

From Nasdaq: 2025-04-04 10:29:00

Garmin (GRMN) shares have outperformed the Computer and Technology sector and the S&P 500 index, with a 27.5% gain in the last 12 months. The company’s revenues are up by 23% to $1.82 billion in 2024, driven by growth in Fitness, Aviation, and Marine segments. Can Garmin sustain this growth through 2025?

Garmin recently launched its Vivoactive 6 smartwatch, offering features like energy tracking, personalized coaching, and menstrual cycle tracking. The company leads in the Fitness Wearables market, competing with Apple (AAPL) and Alphabet’s (GOOGL) Fitbit. Garmin aims for a 10% increase in Fitness revenues in 2025, positioning itself for continued growth.

With strong 2025 guidance, Garmin expects an 8% revenue increase to $6.8 billion. The company’s Zacks Rank #1 (Strong Buy) reflects its momentum and growth potential. Garmin beat earnings estimates in the past four quarters, with an average surprise of 28.85%. Investors are optimistic about the company’s product innovation and market expansion efforts.

Experts recommend keeping an eye on Garmin as one of the 7 best stocks for the next 30 days. With a history of outperforming the market, these elite stocks are expected to deliver early price pops. Garmin’s strong balance sheet, innovative product portfolio, and strategic initiatives make it a compelling choice for investors in 2025.



Read more at Nasdaq: Is Garmin’s Ongoing Product Innovation a Sign to Buy the Stock?