GRMN Price Prediction Next Week
Based on the provided data and technical analysis, here is the price prediction for GRMN for next week:
Technical Analysis:
- RSI at 55.94 indicates a neutral momentum, suggesting room for upward movement
- MACD at 1.77 shows positive momentum
- Price is trading above both 20-day SMA (211.08) and 200-day SMA (178.59), confirming bullish long-term trend
- Fibonacci resistance levels at 217.92 (R1) and 221.16 (R2)
- Support levels at 207.42 (S1) and 204.18 (S2)
News Sentiment Analysis:
- Positive catalyst: Launch of new Approach G20 Solar GPS golf device
- Strong Q4 earnings expected with $1.89 EPS (+9.9% YoY) on Feb 19
- Consistent earnings beat history over past 4 quarters
- Insider selling activity with 16 sales and no purchases in past 6 months signals some caution
Price Target for Next Week:
- Base case (60% probability): $217-219 range
- Bullish case (25% probability): Break above $221
- Bearish case (15% probability): Drop to $207-208 support
Trading Recommendation: BUY
- Entry point: Current price $214.23
- Target: $217.90 (R1 level)
- Stop loss: $207.40 (S1 level)
- Risk/Reward ratio: 1:1.3
The strong fundamentals, positive technical setup, and upcoming earnings catalyst suggest further upside potential. However, monitor insider selling activity as a risk factor.
GRMN Similar Chart Price Prediction
The price of GRMN is predicted to go up -5.01%, based on the high correlation periods with ETD. The similarity of these two price pattern on the periods is 94.21%.
GRMN
ETD
Down: -5.01%Similarity: 94.21%
GRMN Revenue Forecast
GRMN EPS Forecast
GRMN FAQs
What is revenue forecast for next quarter？
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GRMN VS S&P500
We think Garmin will be able to slowly enter the commercial aircraft OEM space successfully, as partnerships continue between midsize and large aircraft OEMs.
FAA modernization regulation may make certifications more difficult to obtain due to sensitive equipment transitions, leading to proportionally more avionics certification for Garmin.
Garmin has the opportunity to roll out more mobile connectivity in its smartwatches, perhaps allowing it to better compete in both its fitness and outdoor segments.
GRMN Analyst's Forecast
George Wang
Barclays
Sell
Price Target
$133 → $158
Upside
-20.27%
Barclays analyst George Wang raised the firm's price target on Garmin to $158 from $133 and keeps an Underweight rating on the shares. The company beat fiscal Q3 revenue and earnings estimates, primarily led by Wearables segment, the analyst tells investors in a research note. However, the firm questions the sustainability of Garmin's strong growth and margin profiles into 2025 as it models decelerating sales with margin compression given headwinds across some end markets.
Ivan Feinseth
Tigress Financial
Strong Buy
Price Target
$210 → $215
Upside
+25.17%