On August 8, Garmin rose 3.07% in regular trading, trading at $311.03 USD/share, with turnover of $121 million.

The move was driven by Tigress Financial significantly raising its price target on Garmin from $325 to $370, while maintaining a Strong Buy rating. The upgraded target reflects continued institutional bullishness following Garmin's outstanding Q2 results, in which adjusted EPS of $2.81 far exceeded the consensus estimate of $2.30, and revenue grew 11% year-over-year to $2.02 billion versus the Street's $1.93 billion expectation. The company also raised its full-year guidance, projecting EPS of $10 and lifting its gross margin outlook from 58.5% to 59.7%. According to FactSet, the average analyst rating on Garmin remains hold with a mean target of $307.20, positioning Tigress Financial's $370 target well above consensus. JPMorgan previously raised its target to $295 maintaining a neutral stance, underscoring divergent views on valuation despite the strong fundamental momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)