The stock is currently trading at $214.23, showing a slight decline of -0.63% in the last session. The RSI(14) at 55.94 indicates neutral momentum, neither overbought nor oversold. The stock is trading near its Fibonacci resistance level of $217.92.

Fundamental Strengths

Strong Q3 2024 performance with record revenue of $1.6 billion, up 24% year-over-year
Healthy gross margin expansion of 300 bps and operating margin growth of 640 bps
Diversified revenue streams across five segments, reducing business risk
Projected EPS growth of 25.4% for FY2024 with expected earnings of $7.01 per share

Recent Developments

Just launched the Approach G20 Solar, showing continued product innovation
Upcoming Q4 earnings release on February 19, 2025, with analysts expecting $1.89 EPS

Analyst Sentiment Mixed analyst opinions:

Tigress Financial maintains Strong Buy with $265 price target (23.47% upside)
Barclays maintains Sell with $158 price target (-20.27% upside)

Recommendation SELL. Despite strong fundamentals, the stock appears fully valued after surging 73.6% over the past year. Technical indicators suggest resistance ahead, and mixed analyst sentiment coupled with potential margin compression risks in 2025 make it prudent to take profits at current levels.

What is price prediction 2025 for GRMN Stock?

Based on the provided data and recent market analysis, here is a price prediction for GRMN stock in 2025:

GRMN is expected to reach $226-230 by end of 2025, driven by strong earnings growth and product innovation momentum. The company's recent launch of solar-powered GPS products and consistent earnings beats demonstrate solid execution. Technical analysis shows strong support at $207 with resistance at $226, suggesting room for further upward movement within this range.

The prediction is supported by several key factors:

Strong Q4 2024 earnings expectations with projected EPS of $1.89, representing a 9.9% YoY increase
Successful product launches like the Approach G20 Solar demonstrating continued innovation
Technical indicators showing RSI at 55.94 suggesting balanced momentum with upside potential

What is surpport and resistant level for GRMN Stock?

The S1 support level for GRMN Stock is $207.42 ,The R1 resistant level for GRMN Stock is $217.92.

What is the current price of GRMN Stock?

As of the end of day on 2025-01-24, the price of GRMN Stock was $214.23.

What is the target price of GRMN Stock?

The target price for GRMN Stock according to analyst rating is 195.67, with the highest price target at 265.00 and the lowest at 158.00. Analysts have a Hold rating on GRMN Stock overall.

What is the market cap of Garmin Ltd?

The market cap of GRMN is $41.1B.

Is Garmin Ltd (GRMN) overvalued?

Based on the provided data and recent market trends, here's a comprehensive analysis of GRMN's valuation:

Valuation Analysis GRMN currently trades at a P/E of 22.1x (Q3 2024), which is above the industry average but justified given its strong market position and growth prospects. The EV/EBITDA ratio of 19.42x suggests the stock is trading at a premium valuation compared to historical levels.

Financial Performance The company has demonstrated solid financial execution with:

Revenue growth from $1.38B in Q1 to $1.59B in Q3 2024
Improving net margin from 19.97% to 25.16% in Q3 2024
Strong gross margins maintained above 57%
Zero debt-to-equity ratio, indicating excellent financial health

Market Position & Growth Recent analyst actions show mixed sentiment. While Tigress Financial maintains a Strong Buy with a $265 price target (23.47% upside), Barclays maintains a Sell rating with $158 target, citing concerns about growth sustainability into 2025.

Conclusion GRMN appears moderately overvalued at current levels considering:

Trading above industry average multiples
Mixed analyst sentiment about growth sustainability
Premium valuation despite potential margin compression risks
However, strong financial health and market position provide some justification for the premium

What is Garmin Ltd (GRMN)'s business?

Garmin Ltd. (Garmin) is a Switzerland-based entity. The Company and its subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments: fitness, outdoor, aviation, marine and auto. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. Garmin offers various products designed for use in fitness and activity tracking. Company’s aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles, and unmanned aerial vehicles. Company operates worldwide.

What is price prediction 2030 for GRMN Stock?

Based on the comprehensive data analysis and market trends, here is the price prediction for GRMN stock by 2030:

Garmin stock is projected to reach $385-395 by 2030, driven by its continued dominance in fitness wearables, marine navigation systems, and automotive OEM solutions. The company's strong financial performance with expanding profit margins (reaching 60% in Q3 2024) and consistent earnings beats supports this bullish outlook. Garmin's diversified revenue streams across five segments and strategic acquisitions like JL Audio position it well for sustained long-term growth.