Garmin Ltd (Symbol: GRMN) shares have surpassed the average analyst 12-month target price of $127.80, trading at $128.06 as of recent market activity. This change prompts analysts to consider potential adjustments to their target prices based on the company’s performance and market conditions.
Within the Zacks coverage universe, Garmin has five different analyst targets, with a low estimate of $100 and a high target reaching $165, resulting in a standard deviation of $24.22. Current analyst ratings include two ‘Strong Buy’ and four ‘Hold’ ratings, maintaining an average rating of 2.33, where 1 is ‘Strong Buy’ and 5 is ‘Strong Sell.’
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