U.S. markets closed
  • S&P 500

    4,173.85
    +61.35 (+1.49%)
     
  • Dow 30

    34,382.13
    +360.73 (+1.06%)
     
  • Nasdaq

    13,429.98
    +304.98 (+2.32%)
     
  • Russell 2000

    2,224.63
    +53.68 (+2.47%)
     
  • Crude Oil

    65.51
    +0.14 (+0.21%)
     
  • Gold

    1,844.00
    +5.90 (+0.32%)
     
  • Silver

    27.50
    +0.15 (+0.54%)
     
  • EUR/USD

    1.2148
    +0.0063 (+0.52%)
     
  • 10-Yr Bond

    1.6350
    -0.0330 (-1.98%)
     
  • GBP/USD

    1.4101
    +0.0049 (+0.35%)
     
  • USD/JPY

    109.2750
    -0.1590 (-0.15%)
     
  • BTC-USD

    44,710.34
    -3,726.02 (-7.69%)
     
  • CMC Crypto 200

    1,398.33
    +39.77 (+2.93%)
     
  • FTSE 100

    7,043.61
    +80.28 (+1.15%)
     
  • Nikkei 225

    28,084.47
    +636.47 (+2.32%)
     

Garmin (GRMN) Forays Into the Fitness Market With Rally Meters

  • Oops!
    Something went wrong.
    Please try again later.
Zacks Equity Research
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

Garmin’s GRMN unit, Garmin International Inc., recently introduced new pedal-based power meters, under the new ‘Garmin Rally’ brand name.

The Garmin Rally range of power meters is compatible with different kinds of cleats for on and off-road use.

The Rally RS100 and Rally RS200 are compatible with Shimano SPD-SL road cleats, while the Rally RK100 and Rally RK200 are compatible with Look KEO road cleats. The Rally XC100 and Rally XC200 models are compatible with Shimano SPD cleats for mountain bike, gravel or cyclo-cross riders.

The sleek pedals with a power meter help the cyclist to measure speed, power, cadence and other advanced cycling dynamics. Markedly, cyclists can now see right and left leg data metrics independently.

Notably, the Rally power meters can be paired with Edge cycling computers and the Garmin Connect app to upload data and update software. In addition, the new power meters are compatible with other indoor training platforms, including the Tacx Training app, Zwift, TrainerRoad, among others.

The new products will help the company to gain momentum among both road cyclists and off-road cyclists.

Garmin Ltd. Price and Consensus

Garmin Ltd. Price and Consensus
Garmin Ltd. Price and Consensus

Garmin Ltd. price-consensus-chart | Garmin Ltd. Quote

Bottom Line

Worldwide provider of navigation, communications and information devices, Garmin has been making efforts to increase its share in all the markets, backed by new products and upgrades to the existing ones. It is experiencing notable success in all segments because of many newly added technologies that are gradually expanding and enabling the company to enter new categories.

Garmin is now targeting consumers with its new cycling products. It is developing technologies and innovations to enhance users’ on as well as off-road experiences.

With rising demand for power meters, such product launches will help Garmin’s position expand its share in the fitness segment. In addition, the latest effort will enable Garmin to fend off competition from players like Apple AAPL and Alphabet GOOGL, among others.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Apple Inc. (AAPL) : Free Stock Analysis Report

Garmin Ltd. (GRMN) : Free Stock Analysis Report

Alphabet Inc. (GOOGL) : Free Stock Analysis Report

To read this article on Zacks.com click here.