GRMN - Is It Too Late to Buy Garmin Stock?
2023-11-19 07:15:00 ET
The fear of missing out is real in the stock market. As indexes rise, propelling many growth stocks higher, investors naturally wonder whether the biggest gains have already occurred for these promising businesses.
Garmin (NYSE: GRMN) is a good example of a surging growth stock. The GPS device giant's 27% rise in 2023 nearly doubled the rally in the S&P 500 to date. Garmin's third-quarter earnings report in early November contained lots of good news about the business, including an upgraded fiscal-year outlook following strong demand across most of its portfolio.
There could be much more room for the stock to rise from here, though. Let's look at a few reasons why the best is yet to come for Garmin shareholders.
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Is It Too Late to Buy Garmin Stock?