The New Space ETFs Keep Buying the Same Names: Rocket Lab, AST SpaceMobile, SpaceX
Space ETFs are entering a new phase as SPCX, RKLB and ASTS fuel demand for exposure to commercial launches, satellites and next-gen space infrastructure.
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Garmin's Fitness Business Explodes 25%, Stock Surges
Garmin (GRMN) stock surges after posting Q2 2026 revenue of $2.02B, beating estimates and raising its full-year EPS forecast to $10.00.
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Why Garmin Stock Soared in July and Is at an All-Time High
Garmin stock surged 53% year-to-date and 23.7% in July following strong Q2 earnings with record revenue growth of 11% YoY and raised full-year guidance. The fitness segment led growth at 25% YoY, driven by advanced wearables. Despite a forward P/E of 31, the company's $4.4 billion cash position with zero debt effectively lowers valuation to under 29, suggesting shares remain reasonably valued for long-term investors.
Tigress Financial Maintains Strong Buy on Garmin, Raises Price Target to $370
Tigress Financial analyst Ivan Feinseth maintains Garmin (NYSE:GRMN) with a Strong Buy and raises the price target from $325 to $370.
Morgan Stanley Maintains Equal-Weight on Garmin, Raises Price Target to $289