Garmin Stock Outlook: Is Wall Street Bullish or Bearish?

With a market cap of $44.2 billion, Garmin Ltd. (GRMN) is a leading global provider of navigation, communication, and wearable technology. The company designs, manufactures, and markets a wide range of GPS-enabled devices and wireless solutions across fitness, outdoor, marine, automotive, and aviation segments.

Shares of the Schaffhausen, Switzerland-based company have outperformed the broader market over the past 52 weeks. GRMN stock has increased over 33% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 16.1%. In addition, shares of the company have gained 14.6% on a YTD basis, compared to SPX’s 9.9% rise.