Ivan Feinseth
expects the company's ongoing innovation and new launches, strength in aviation, and growing opportunities in wellness and automotive OEM businesses to reaccelerate trends. Feinseth is particularly confident about Garmin emerging as an industry-leading automotive OEM supplier. The company's automotive OEM revenue increased by 11% to $284 million in 2022. The analyst expects the automotive segment to see annual growth of 40%, reaching a revenue run rate of $800 million by 2025. He expects this growth to be led by the company's industry-leading product categories of in-cabin domain controllers, infotainment systems and other in-cabin connected interfaces.
The same “analysts” who were bullish on SVB?
Dunno about any of the others, but the issue with Garmin fitness products is that they are just not that good. Competition has caught and passed them, not 'headwinds'.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
London fears for its future as companies defect to Wall Street | CNN BusinessFears for the future of London's stock market have resurfaced after several UK-listed companies announced plans to sell shares in New York. To safeguard future growth, London needs to be 'young, scrappy and hungry.' Instead of trying to beat US in its game in attracting the smartest people and the best companies, UK chose to become a poorer, irrelevant country and a sidekick of the US!
Lire la suite »
Wall Street 'fear gauge' options volume jumps to 4-year high as bank stocks sell offWall Street's most closely watched index of market anxiety jumped on Friday and options volume on the index soared to a near 4 year high as a growing crisis at SVB Financial weighed on stocks. The rats running from a sinking ship Always , all medias sell panic and fear while organizations are buying all. Manipulation but bullish. Take care
Lire la suite »