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Garmin has evolved from a navigation device manufacturer to a comprehensive solutions provider for fitness and the outdoors. The wearables market, where GRMN has a strong presence, is expected to grow at a CAGR of 12.9% in North America. The Company's financial performance is strong, with high profitability, no debt, and a sizable cash stockpile. Q3 results showed growth in revenue and operating profits.
Garmin executives recently raised their 2023 outlook. McDonald's is targeting a near-50% profit margin.
Garmin (GRMN) launches the Lily 2 series - its next generation of petite and fashionable smartwatches, comprising two models - Lily 2 and Lily 2 Classic.
Apple stock will appeal to investors seeking safety in the tech industry. Garmin is at an earlier stage of its growth story, meaning it has the potential for faster growth over the next decade.
Garmin (GRMN) extends its partnership with Yamaha Motor, bolstering clientele on the back of its strong portfolio offering.
Garmin (GRMN) unveils a powerful direct-drive trainer, namely Tacx NEO 3M, which features an electromagnetic motor braking system, integrated motion plates and multidirectional movement functionality.
While the broader wearable technologies space has attracted legions of everyday consumers, smartwatch stocks deserve to be on your radar for one very simple reason: the massive total addressable market for innovations classified under wearable tech 2.0. According to Grand View Research, the global wearable tech market reached a valuation of $61.3 billion last year.
NextEra Energy, Brookfield Renewable, and Chevron have underperformed the market this year. Near a 52-week high, Garmin has plenty of room to run.
Garmin (GRMN) reported earnings 30 days ago. What's next for the stock?
Home fitness took off during the pandemic as people resorted to buying their own equipment instead of going to the gym. The trend led to significant gains for companies that operate within the industry.