GRMN Price Prediction Next Week
Technical Analysis: Based on recent price action, GRMN has shown strong momentum with a bullish trend, rallying 98% over the past year compared to the S&P 500's 22.7% gain. The stock is currently consolidating after reaching new all-time highs following strong Q4 earnings.
Price Targets for Next Week:
- Support levels: $235 (current consolidation bottom)
- Resistance levels: $245 (recent high)
- Expected trading range: $235-$245
Fundamental Catalysts:
- Strong Q4 2024 earnings with Pro Forma EPS of $2.41, up 40.1% YoY
- Revenue growth of 23% YoY to $1.82 billion
- Management projects 8% revenue growth for 2025, targeting $6.8 billion
- Consistent dividend payment with recent declaration of $0.75/share quarterly dividend
News Sentiment & Institutional Activity:
- Recent insider selling: VP sold 787 shares, representing 11.7% of holdings
- Mixed institutional sentiment: 422 institutions increased positions while 409 decreased
- Tigress Financial maintains "Strong Buy" rating with $265 price target
Trading Recommendation: SELL with target entry at $242-245 range
- Short-term overbought conditions after recent rally
- Insider selling pattern suggests potential near-term weakness
- Technical indicators point to consolidation or pullback
Target exit prices:
- Take profit: $235
- Stop loss: $250
GRMN Similar Chart Price Prediction
The price of GRMN is predicted to go up 3.55%, based on the high correlation periods with RCKY. The similarity of these two price pattern on the periods is 94.75%.
GRMN
RCKY
Up: 3.55%Similarity: 94.75%
GRMN Revenue Forecast
GRMN EPS Forecast
GRMN FAQs
What is GRMN revenue forecast for next quarter？
What is GRMN eps forecast for next quarter？
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
2025-02-20
Price Target
$158 → $188
Downside
-17.91%
Barclays raised the firm's price target on Garmin to $188 from $158 and keeps an Underweight rating on the shares. The company beat Q4 estimates, primarily led by the Outdoor and Fitness segment, the analyst tells investors in a research note. The firm says Garmin's fiscal 2025 guidance tracked toward the higher end of expectations despite sharply decelerating revenue growth.
Joseph Cardoso
JP Morgan
Hold
2025-02-20
Price Target
$219 → $260
Upside
+13.53%
George Wang
Barclays
Sell
2024-11-01
Price Target
$133 → $158
Downside
-20.27%
