Garmin (GRMN) Stock Forecast & Price Target

$224.67 -4.34 (-1.90%)

Closing price 03:59 PM Eastern

Extended Trading

$222.39 -2.28 (-1.02%)

As of 07:57 PM Eastern

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

$195.67
-12.91% Downside

According to the 6 analysts' twelve-month price targets for Garmin, the average price target is $195.67. The highest price target for GRMN is $265.00, while the lowest price target for GRMN is $140.00. The average price target represents a forecasted downside of -12.91% from the current price of $224.67.

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GRMN Analyst Ratings Over Time

Type	Current Forecast 2/22/24 to 2/21/25	1 Month Ago 1/23/24 to 1/22/25	3 Months Ago 11/24/23 to 11/23/24	1 Year Ago 2/22/23 to 2/22/24
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)	0 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	6 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$195.67	$171.00	$162.67	$129.83
Forecasted Upside	-12.91% Downside	-20.90% Downside	-22.66% Downside	-3.07% Downside
Consensus Rating	Reduce	Reduce	Reduce	Hold

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	2.53
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	-12.91% Downside	56.64% Upside	14.38% 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
2/20/2025	Barclays 3 of 5 stars	G. Wang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$158.00 ➝ $188.00	-17.45%
2/20/2025	JPMorgan Chase & Co. 2 of 5 stars	Joseph Cardoso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$219.00 ➝ $260.00	+13.14%
2/11/2025	Morgan Stanley 3 of 5 stars		Upgrade	Sell	$164.00 ➝ $171.00	-29.23%
12/16/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$215.00 ➝ $265.00	+23.47%
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%
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%
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 Friday at 10:44 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 Thursday, February 20, 2025. 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 of $2.41, significantly exceeding analysts' expectations of $1.90, indicating strong financial performance and effective management.
The company's revenue for the latest quarter was $1.82 billion, surpassing estimates of $1.70 billion, showcasing robust demand for its products.
Garmin Ltd.'s stock price has seen a notable increase, currently trading at $243.13, reflecting positive market sentiment and investor confidence.
Institutional investors hold a significant portion of Garmin Ltd.'s stock, with 81.60% ownership, suggesting strong institutional confidence in the company's future prospects.
Recent upgrades from research firms, including a target price increase from Tigress Financial to $265.00, indicate a bullish outlook on the stock's potential growth.

Garmin
Bear Case

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

Despite strong earnings, some analysts have issued sell ratings, indicating potential concerns about the stock's valuation and future performance.
Garmin Ltd. has a relatively high P/E ratio of 30.85, which may suggest that the stock is overvalued compared to its earnings, potentially limiting future price appreciation.
Recent insider selling, including a transaction by the CFO who sold 1,761 shares, could raise concerns about the company's internal confidence and future outlook.
Market volatility and economic uncertainties could impact consumer spending on Garmin's products, affecting sales and revenue growth.
Some analysts have set conservative price targets, with an average consensus target of $183.83, which may indicate limited upside potential in the near 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 $195.67, with a high forecast of $265.00 and a low forecast of $140.00.
: 6 Wall Street 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 analysts is that investors should "reduce" GRMN shares.
: According to analysts, Garmin's stock has a predicted downside of -12.91% based on their 12-month stock forecasts.
: Over the previous 90 days, Garmin's stock had 2 upgrades by analysts.
: Garmin has been rated by research analysts at Barclays, JPMorgan Chase & Co., 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 2/21/2025 by MarketBeat.com Staff

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Garmin (GRMN) Stock Forecast & Price Target