Garmin stock news

Here are some recent news articles and updates about Garmin Ltd. (GRMN), a leading provider of GPS navigation and wearable technology:

Recent News

  1. Garmin Reports Strong Q2 Earnings: Garmin reported its Q2 2022 earnings on July 27, 2022, beating analyst expectations. The company's revenue grew 14% year-over-year to $1.43 billion, driven by strong demand for its aviation and outdoor products. (Source: Garmin's Q2 2022 Earnings Release)
  2. Garmin Launches New Forerunner 955 Smartwatch: On July 13, 2022, Garmin launched its latest Forerunner 955 smartwatch, featuring advanced running dynamics, music storage, and Garmin Pay. (Source: Garmin's Press Release)
  3. Garmin Partners with T-Mobile to Offer In-Car Navigation: In June 2022, Garmin partnered with T-Mobile to offer its in-car navigation system, Garmin Live Traffic, to T-Mobile customers. (Source: T-Mobile's Press Release)
  4. Garmin Acquires Trafi, a Mobility-as-a-Service Platform: In May 2022, Garmin acquired Trafi, a mobility-as-a-service platform that provides real-time traffic information and route planning. (Source: Garmin's Press Release)

Recent Analyst Coverage

  1. Morgan Stanley Upgrades Garmin to "Overweight": On July 28, 2022, Morgan Stanley upgraded Garmin's stock to "overweight" from "equal weight," citing the company's strong Q2 earnings and growth prospects. (Source: Morgan Stanley's Research Note)
  2. J.P. Morgan Maintains "Neutral" Rating on Garmin: On July 27, 2022, J.P. Morgan maintained its "neutral" rating on Garmin, citing the company's mixed Q2 earnings and concerns about the impact of inflation on consumer spending. (Source: J.P. Morgan's Research Note)

Recent Stock Performance

Garmin's stock (GRMN) has been trading relatively flat over the past year, with a slight decline of around 5%. However, the stock has shown some strength in recent months, driven by the company's strong Q2 earnings and growth prospects.

Key Statistics

Please note that the information provided is subject to change and may not reflect the company's current financial situation or stock performance. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.