Earnings call: Garmin navigates to record Q1 revenue, up 20% 📈, potential positive impact on stock price.
Stock AI’s forecasts:
🔴 -8.4% short-term
🟢 +1.3% long-term
Stock AI’s (GRMN) Forecast get (+6.7% Profit)
StockAI’s analysis delivers real-world results. On 26 December 2023, $GRMN ($128.99), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $120.32 (🔴-6.7%). Selling GRMN on this signal yielded a +6.7% profit 💰💰.
GRMN-Garmin Ltd. News
🔴 Amalgamated Bank trimmed its holdings in shares of Garmin Ltd.
🟢 Garmin is scheduled to be announcing its earnings results.
🔴 abrdn plc lifted its position in shares of Garmin Ltd.
🟢 Savant Capital LLC purchased a new stake in Garmin Ltd.
🟢 Retirement Systems of Alabama lowered its position in shares of Garmin Ltd.
🔴 StockNews.com upgraded shares of Garmin.
The recent news surrounding Garmin Ltd. stock has been a mix of positive and negative developments. While some institutional investors have increased their positions in the company, others have trimmed their holdings. The upcoming earnings announcement has generated a sense of anticipation, with analysts expecting positive results. StockNews.com upgrading Garmin’s rating to a buy has also sparked interest in the market.
Overall, the news has created a sense of uncertainty around Garmin’s stock price. The conflicting actions of institutional investors and the upcoming earnings announcement could lead to fluctuations in the stock’s value. Investors should keep a close eye on developments and consider the potential impact on their investment strategy.
GRMN-Garmin Ltd. Analyst Ratings
In the latest analyst ratings for Garmin Ltd. (NYSE:GRMN) stock, the following changes have been noted:
📈 StockNews.com upgraded Garmin from a “hold” rating to a “buy” rating.
📉 StockNews.com downgraded Garmin from a “buy” rating to a “hold” rating.
📈 Bank of America raised their price target on Garmin stock.
📉 Tigress Financial reaffirmed a strong rating for Garmin stock.
📈 JPMorgan analysts increased their price target on Garmin stock.
Sources:
1. ETF Daily News – StockNews.com upgrade
2. ETF Daily News – StockNews.com downgrade
3. ETF Daily News – JPMorgan price target increase
4. ETF Daily News – Tigress Financial rating reaffirmation
5. ETF Daily News – Bank of America price target raise
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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