JPMorgan raised the firm’s price target on Garmin (GRMN) to $260 from $219 and keeps a Neutral rating on the shares. The company reported another strong earnings beat for Q4 and provided full-year guidance for 2025 that aligns more with the high end of expectations heading into the print, the analyst tells investors in a research note. The firm now embeds a higher earnings multiple for the shares to better capture expectations of upside risk to estimates.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GRMN:
- Garmin’s Stock Valuation Exceeds Price Objective Despite Strong Performance, Says Analyst
- Garmin price target raised to $188 from $158 at Barclays
- Garmin Reports Record Revenue and Profit for 2024
- Garmin Reports Record Revenue and Growth in Earnings Call
- Early notable gainers among liquid option names on February 19th