Garmin volatility elevated at 39 into Q4 and revenue outlook Garmin March, April and June put option implied volatility of 39 is above its 26-week average of 27 according to Track Data, suggesting large price movement into the expected release of Q4 results on February 20.
Citi calls Garmin risk/reward unattractive, reiterates Sell Citigroup says that around $46, shares of Garmin are unattractive on a risk/reward basis. In a bear case scenario, Citi believes the stock is worth $32. In a bull case, the firm thinks the shares are worth $52. It reiterates a Sell rating on Garmin with a $42 price target.