GRMN Should I Buy
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Garmin Ltd (GRMN) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 to invest. The stock has strong analyst support, positive financial growth, and a favorable valuation, despite recent hedge fund selling. The current price offers a solid entry point, and the company's diversified business model and growth in wearables are long-term positives.
The MACD is positive and contracting, indicating a potential bullish trend. RSI is neutral at 45.149, showing no overbought or oversold conditions. The stock is trading near a key support level (S1: 199.129), which could act as a strong floor for the price. Moving averages are converging, suggesting a potential trend reversal.
Analysts have upgraded the stock with higher price targets, citing strong growth in wearables and outdoor devices.
Financial performance in Q3 2025 showed revenue growth of 11.66% YoY and net income growth of 0.63% YoY.
The company's diversified business model and secular trends in wellness provide long-term growth opportunities.
Hedge funds are selling, with a 1400% increase in selling activity last quarter.
Gross margin dropped by 1.52% YoY, indicating some pressure on profitability.
Short-term stock trend analysis suggests a potential -3.83% decline in the next month.
In Q3 2025, Garmin reported revenue of $1.77 billion, up 11.66% YoY, and net income of $401.6 million, up 0.63% YoY. EPS increased to 2.08, up 0.48% YoY. However, gross margin dropped to 59.09%, down 1.52% YoY, indicating some cost pressures.
Analysts are bullish on Garmin. Barclays upgraded the stock to Equal Weight with a price target of $217, citing an 'undemanding' valuation and strength in wearables. Tigress Financial maintains a Strong Buy with a price target of $310, highlighting wearables and outdoor devices as growth drivers. Longbow upgraded the stock to Buy with a $250 price target, viewing the recent selloff as an overreaction and a good entry point.
