Garmin (GRMN) Stock Forecast & Price Target

$173.99

-0.84 (-0.48%)

(As of 09/27/2024 ET)

Garmin - Analysts' Recommendations and Stock Price Forecast (2024)

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

Hold

Based on 6 Analyst Ratings

Sell
2

Hold
3

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 "Hold." Out of the 6 analysts, 2 have given a sell rating, 3 have given a hold rating, and 1 has given a strong buy rating for GRMN.

Consensus Price Target

$152.17
-12.54% Downside

According to the 6 analysts' twelve-month price targets for Garmin, the average price target is $152.17. The highest price target for GRMN is $215.00, while the lowest price target for GRMN is $100.00. The average price target represents a forecasted downside of -12.54% from the current price of $173.99.

GRMN Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
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	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$152.17	$156.83	$156.83	$123.20
Forecasted Upside	-12.54% Downside	-13.19% Downside	-3.74% Downside	17.11% Upside
Consensus Rating	Hold	Hold	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	2.00	2.65	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-12.51% Downside	2,485.09% Upside	6.14% 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
9/19/2024	Tigress Financial 2 of 5 stars		Boost Target	Strong-Buy ➝ Strong-Buy	$210.00 ➝ $215.00	+24.69%
9/13/2024	Barclays 3 of 5 stars	G. Wang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Equal Weight ➝ Underweight	$181.00 ➝ $133.00	-27.22%
5/22/2024	Bank of America 4 of 5 stars		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%
11/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$103.00 ➝ $100.00	-12.63%
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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 01:06 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 Tuesday, September 10, 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. has shown consistent revenue growth over the past few quarters, indicating a strong business performance.
Garmin's dividend payout ratio is 42.31%, which suggests the company is returning value to its shareholders through dividends.
Analysts expect Garmin Ltd. to post 6.05 EPS for the current fiscal year, reflecting positive earnings potential.
Recent hedge fund activity shows increased positions in Garmin, indicating confidence from institutional investors.
Garmin's stock price has shown resilience, maintaining a stable position within a reasonable range, making it a potentially attractive investment.

Garmin
Bear Case

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

Garmin Ltd. has received mixed ratings from analysts, with some downgrading the stock to "underperform," indicating potential risks.
Despite positive aspects, Garmin faces competition in the wearable technology market, which could impact its market share and profitability.
One investment analyst has rated Garmin's stock as "sell," signaling a bearish sentiment towards the company's future performance.
Garmin's average rating of "Hold" and an average price target of $156.83 suggest limited upside potential according to market analysts.
While Garmin has a diverse product portfolio, market trends and consumer preferences may shift, affecting demand for its products in the future.

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 $152.17, with a high forecast of $215.00 and a low forecast of $100.00.
: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GRMN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GRMN, but not buy additional shares or sell existing shares.
: According to analysts, Garmin's stock has a predicted downside of -12.54% 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, and Tigress Financial in the past 90 days.
: Analysts like Garmin less than other "computer and technology" companies. The consensus rating for Garmin is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how GRMN compares to other companies.