Garmin (GRMN) Stock Forecast & Price Target

$208.99 +3.57 (+1.74%)

(As of 12/20/2024 05:45 PM ET)

Garmin - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 6 Analyst Ratings

Sell
3

Hold
2

Buy
1

Based on 6 Wall Street analysts who have issued ratings for Garmin in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 6 analysts, 3 have given a sell rating, 2 have given a hold rating, and 1 has given a strong buy rating for GRMN.

Consensus Price Target

$171.00
-18.18% Downside

According to the 6 analysts' twelve-month price targets for Garmin, the average price target is $171.00. The highest price target for GRMN is $265.00, while the lowest price target for GRMN is $138.00. The average price target represents a forecasted downside of -18.18% from the current price of $208.99.

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GRMN Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$171.00	$162.67	$152.17	$127.80
Forecasted Upside	-18.18% Downside	-22.24% Downside	-11.01% Downside	-0.16% Downside
Consensus Rating	Reduce	Reduce	Hold	Moderate Buy

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GRMN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GRMN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Garmin Stock vs. The Competition

Type	Garmin	Computer and Technology Companies	S&P 500
Consensus Rating Score	1.83	2.68	2.51
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	-18.18% Downside	264.23% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent GRMN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/16/2024	Tigress Financial 3 of 5 stars		Boost Target	Strong-Buy ➝ Strong-Buy	$215.00 ➝ $265.00	+23.47%
11/1/2024	Barclays 3 of 5 stars	G. Wang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$133.00 ➝ $158.00	-20.91%
10/7/2024	Morgan Stanley 3 of 5 stars		Downgrade	Equal Weight ➝ Underweight	$155.00 ➝ $138.00	-18.84%
5/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$165.00 ➝ $150.00	-12.12%
5/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$155.00 ➝ $175.00	+6.81%
2/22/2024	Barrington Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$119.00 ➝ $140.00	+6.59%
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5/4/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/18/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight ➝ Sector Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:41 PM ET.

Should I Buy Garmin Stock? GRMN Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 15, 2024. Please send any questions or comments about these Garmin pros and cons to contact@marketbeat.com.

Garmin
Bull Case

Here are some ways that investors could benefit from investing in Garmin Ltd.:

Garmin Ltd. recently reported earnings per share (EPS) of $1.99, significantly exceeding analysts' expectations of $1.46, indicating strong financial performance and effective management.
The stock is currently trading at $219.28, reflecting a robust market position and investor confidence, especially given its 52-week high of $220.50.
Garmin Ltd. has shown impressive revenue growth, with a year-over-year increase of 24.1%, suggesting strong demand for its products and services.
The company maintains a healthy net margin of 25.48%, which indicates efficient cost management and profitability, making it an attractive option for investors.
Analysts have a consensus rating of "Hold" with a price target of $162.67, suggesting that while there may be some caution, the stock is still viewed positively overall.

Garmin
Bear Case

Investors should be bearish about investing in Garmin Ltd. for these reasons:

Three analysts have rated the stock with a sell rating, indicating potential concerns about future performance and market conditions.
Recent insider selling, including a director selling 587 shares at an average price of $210.10, may signal a lack of confidence among company executives regarding the stock's future performance.
Despite strong earnings, some analysts have downgraded their ratings, with Morgan Stanley lowering its price objective from $155.00 to $138.00, reflecting a more cautious outlook.
The stock's price-to-earnings (P/E) ratio of 27.83 is relatively high, which could suggest that the stock is overvalued compared to its earnings, potentially limiting future upside.
Garmin Ltd. operates in a competitive market for wireless devices, which may pose risks to maintaining its market share and profitability in the long term.

GRMN Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Garmin is $171.00, with a high forecast of $265.00 and a low forecast of $138.00.
: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last twelve months. There are currently 3 sell ratings, 2 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" GRMN shares.
: According to analysts, Garmin's stock has a predicted downside of -18.18% based on their 12-month stock forecasts.
: Over the previous 90 days, Garmin's stock had 1 downgrade by analysts.
: Garmin has been rated by research analysts at Barclays, Morgan Stanley, and Tigress Financial in the past 90 days.
: Analysts like Garmin less than other "computer and technology" companies. The consensus rating for Garmin is Reduce while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how GRMN compares to other companies.

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This page (NYSE:GRMN) was last updated on 12/21/2024 by MarketBeat.com Staff

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Garmin (GRMN) Stock Forecast & Price Target