Garmin price target raised to $175 from $165 at Tigress Financial

Tigress Financial raised the firm’s price target on Garmin to $175 from $165 and keeps a Strong Buy rating on the shares. The firm is positive on the strength of the company’s industry-leading and diversified product portfolio that drove record results in 2023, and believes that the accelerating momentum going forward will continue to drive further share price gains for Garmin. The company’s innovation and new product introductions, combined with growing opportunities in Fitness and Outdoors and strong growth in Auto OEM, will continue to produce accelerating business performance trends for Garmin, Tigress added.