10:32 AM EDT, 09/30/2025 (MT Newswires) -- Garmin ( GRMN ) will continue to benefit from accelerating demand for fitness and smart wearables, ongoing product launches and new auto OEM partnerships, Tigress Financial Partners said in a Tuesday note.

The firm said Garmin's ( GRMN ) integration of its MYLAPS acquisition and rising subscription revenue will help drive revenue and cash flow growth.

The brokerage also highlighted that new products and categories, health initiatives, and AI developments continue to expand Garmin's ( GRMN ) ecosystem.

Garmin's ( GRMN ) strong balance sheet and cash flow support ongoing investment in product development and acquisitions, as well as shareholder returns through dividends and buybacks, according to the note.

Tigress increased its 12-month price target on the stock to $305 from $285 and reaffirmed a strong buy rating.

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