Garmin Ltd.

(New York Stock Exchange)
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Bullish +65

Analysts Set Garmin Ltd. (NYSE:GRMN) PT at $269.40

AI-generated analysis

πŸ“ˆ Analysts set an average price target of $269.40 with a consensus 'Moderate Buy' rating from seven covering brokerages.

πŸ“‰ Tigress Financial raised its target to $325 and gave a strong buy, while Zacks Research and Wall Street Zen downgraded to hold ratings.

🏦 Institutional ownership stands at 81.60%, with significant Q4 buying from Diversified Trust Co., Nordea Investment Management AB, and Commerzbank Aktiengesellschaft FI.

πŸ’° Garmin reported $2.08 EPS in the last quarter, beating the consensus estimate of $1.84 by $0.24.

πŸ“Š Revenue reached $1.75 billion, surpassing analyst estimates of $1.72 billion and growing 14.0% year-over-year.

🎯 The company achieved a net margin of 23.26% and a return on equity of 20.07% during the reported quarter.

πŸš€ Analysts forecast FY 2026 earnings of $9.53 per share, slightly higher than the company's own guidance of $9.35.

πŸ“‰ The stock trades at a P/E ratio of 27.85 with a market capitalization of $48.19 billion.

🌍 Garmin operates across diverse markets including consumer fitness, automotive navigation, aviation avionics, and marine electronics.

πŸ“ˆ The stock recently opened at $249.86, trading between a one-year low of $186.67 and a high of $273.32.

Bullish Signals
  • Garmin beat quarterly earnings expectations with $2.08 EPS compared to the consensus of $1.84.
  • Revenue of $1.75 billion exceeded analyst estimates of $1.72 billion, showing strong top-line growth.
  • The company achieved a 14.0% year-over-year revenue increase, demonstrating robust business expansion.
  • Net margin remained healthy at 23.26%, indicating efficient operations and pricing power.
  • Return on equity of 20.07% reflects strong capital efficiency and shareholder value creation.
  • Major institutional investors like Nordea and Commerzbank significantly increased their stakes in the fourth quarter.
  • Tigress Financial upgraded its rating to 'strong buy' and raised the price target to $325.
  • Analyst consensus forecast for FY 2026 ($9.53 EPS) is slightly higher than company guidance, suggesting positive outlook.
Risk Factors
  • Zacks Research downgraded Garmin from 'strong buy' to 'hold', indicating some analysts see limited upside.
  • Wall Street Zen downgraded the stock from 'buy' to 'hold', reflecting a more cautious stance on near-term prospects.
  • Barclays decreased its price target from $240.00 to $238.00 and set an 'equal weight' rating, signaling neutral sentiment.
  • The stock trades at a P/E ratio of 27.85, which may be considered elevated relative to broader market averages.
Full Analysis
Wall Street analysts have set an average price target of $269.40 for Garmin Ltd. (NYSE:GRMN), with a consensus recommendation of 'Moderate Buy' based on ratings from seven brokerages. While the majority lean towards holding or buying, recent activity includes Tigress Financial raising its target to $325 and a strong buy rating, contrasted by downgrades from Zacks Research and Wall Street Zen which moved their ratings to 'hold'. Barclays also slightly lowered its target price to $238. Institutional investor sentiment remains robust with 81.60% of the stock owned by funds and hedge firms. Notable activity in the fourth quarter saw Diversified Trust Co. increase its position by 123.1%, Nordea Investment Management AB raise holdings by 12.0%, and Commerzbank Aktiengesellschaft FI significantly lift its stake by 282.5%. GSA Capital Partners LLP also initiated a new stake worth approximately $979,000 during the same period. Garmin recently reported strong quarterly financial results, beating consensus estimates with earnings per share of $2.08 against an expected $1.84 and revenue of $1.75 billion versus $1.72 billion expectations. The company achieved a 14.0% year-over-year revenue increase, maintaining a healthy net margin of 23.26% and a return on equity of 20.07%. Analysts currently forecast FY 2026 earnings of $9.53 per share. The company continues to dominate the GPS technology sector with diverse product lines including consumer wearables, automotive navigation, aviation avionics, and marine electronics. With a market capitalization of $48.19 billion and a P/E ratio of 27.85, Garmin is positioned as a key player in location-aware solutions across personal, recreational, and professional markets.