Garmin price target raised to $188 from $158 at Barclays

Barclays raised the firm’s price target on Garmin (GRMN) 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.