Why Did Garmin Stock Surge This Week?
Garmin may look expensive, but there is something many investors are missing.
Overview
Garmin (NYSE: GRMN) reported record second-quarter results this week, and the stock took off. As of midday Friday, shares were up 22.4% for the week, according to data provided by S&P Global Market Intelligence.
Investors already expected a strong year, with the company guiding for 9% year-over-year revenue growth in 2026. Management boosted that guidance after Q2 results. That helps explain why the stock popped, but Garmin shares are still cheaper than they look.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.