Can Garmin Be a 10x Stock?

By Travis Hoium – May 22, 2024 at 5:08AM

NYSE: GRMN

Garmin

Market Cap

$31B

Today's Change

(-1.48%) -$2.40

Current Price

$159.53

Price as of June 14, 2024, 4:00 p.m. ET

Garmin has devices we rely on every day, and that may be an increasingly important position for hardware.

Garmin (GRMN -1.48%) has held off a threat from Apple in the watch market and may now be uniquely positioned to grow as a connected device company. In this video, Travis Hoium shows why Garmin could be a great growth stock to own long term.

*Stock prices used were end-of-day prices of May 20, 2024. The video was published on May 21, 2024.

Travis Hoium has positions in Apple. The Motley Fool has positions in and recommends Apple and Garmin. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.