Robert W. Baird Remains a Hold on Garmin (GRMN)

Robert W. Baird analyst William Power maintained a Hold rating on Garmin (GRMNResearch Report) on October 26 and set a price target of $90.00. The company’s shares closed last Friday at $88.49.

According to TipRanks, Power is a 5-star analyst with an average return of 15.3% and a 54.55% success rate. Power covers the Technology sector, focusing on stocks such as Axon Enterprise, Twilio, and Zoom Video Communications.

The word on The Street in general, suggests a Hold analyst consensus rating for Garmin with a $113.75 average price target, a 28.55% upside from current levels. In a report released on October 17, Morgan Stanley also maintained a Hold rating on the stock with a $91.00 price target.

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GRMN market cap is currently $16.96B and has a P/E ratio of 17.70.

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Switzerland-based Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness.

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