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.
Stocks · News reference
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
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.
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 analyst Ivan Feinseth maintains Garmin (NYSE:GRMN) with a Strong Buy and raises the price target from $325 to $370.