Garmin (GRMN) Could Be 8% Undervalued As New Wearables Test A Full Valuation

Garmin (GRMN) just pushed deeper into premium wearables with two high-end launches. The new Enduro 4 targets endurance athletes, and the Approach S72 zeroes in on golfers who want richer on-wrist analytics. Garmin’s latest wearables arrive after a strong run in the shares, with the stock up 37.9% year to date on a share price basis. This comes even though the latest session saw the price ease 2.2% to US$279.21 and the 7 day share price return decline 3.8%. Scan across premium wearable peers...