Is Garmin Worth $42 Per Share? (GRMN)
Garmin Ltd. (NASDAQ: GRMN) has been in a precarious situation due to its core product being under fire by free products, but at least one firm sees value and upside. Zacks Investment Research has an Outperform rating and a $42.00…
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Garmin Ltd. (NASDAQ: GRMN) has been in a precarious situation due to its core product being under fire by free products, but at least one firm sees value and upside. Zacks Investment Research has an Outperform rating and a $42.00 price target versus a consensus target from Thomson Reuters of $35.41 and versus a Monday close of $34.97. This price target actually appears to be a street-high compared to other research calls. FULL REPORT
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
