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Tigress Lifts Garmin (GRMN) Target, Cites Strength Across Wearables and Aviation

Garmin Ltd. (NYSE:GRMN) is included among the 13 Best Debt Free Dividend Stocks to Buy Now.

On December 19, Tigress Financial raised its price target on Garmin Ltd. (NYSE:GRMN) to $310 from $305 and kept a Strong Buy rating. The firm points to wearables and outdoor devices as key growth drivers, with aviation and marine businesses adding steady, high-margin support. Tigress said its 12-month target implies a potential total return of more than 55% from current levels, including dividends.

Garmin Ltd. (NYSE:GRMN) continues to draw attention as consumers lean into its GPS and wearable products. In the third quarter of 2025, revenue reached $1.77 billion, up 12% from the same period last year. Those sales translate into strong cash generation. Free cash flow totaled $425 million for the quarter, well above the company’s $173 million dividend payout.

The dividend yield sits at a modest 1.76%, but the balance sheet remains solid. That financial flexibility matters during slower growth periods. It also gives management room to invest when opportunities appear.

Over time, Garmin has used that strength to make acquisitions that extend its technology lead and bring more distributors in-house. By the end of Q3, the company held $3.9 billion in cash and marketable securities, roughly 10% of its recent market value.

Looking ahead, Garmin Ltd. (NYSE:GRMN) expects revenue of about $7.10 billion and pro forma EPS of $8.15. That outlook assumes a gross margin of 58.5%, an operating margin of 25.2%, and a pro forma effective tax rate of 17.5%.

Garmin Ltd. (NYSE:GRMN)’s product lineup covers a wide range of outdoor uses. It includes adventure and dive watches, golf devices, handheld outdoor units, satellite communicators, automotive GPS products, and dog tracking and training systems.

While we acknowledge the potential of GRMN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GTMN and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Dividend Achievers List: Top 16 Stocks and 13 Top Tech Stocks Paying Consistent Dividends.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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