Garmin (GRMN) Stock Forecast & Price Target

$191.70 +4.92 (+2.63%)

Closing price 05/2/2025 03:59 PM Eastern

Extended Trading

$191.66 -0.03 (-0.02%)

As of 05/2/2025 07:59 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 5 Analyst Ratings

Sell
3

Hold
1

Buy
1

Based on 5 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 5 analysts, 3 have given a sell rating, 1 has given a hold rating, and 1 has given a strong buy rating for GRMN.

Consensus Price Target

$194.80
1.62% Upside

According to the 5 analysts' twelve-month price targets for Garmin, the average price target is $194.80. The highest price target for GRMN is $285.00, while the lowest price target for GRMN is $150.00. The average price target represents a forecasted upside of 1.62% from the current price of $191.70.

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GRMN Analyst Ratings Over Time

Type	Current Forecast 5/4/24 to 5/4/25	1 Month Ago 4/4/24 to 4/4/25	3 Months Ago 2/4/24 to 2/3/25	1 Year Ago 5/5/23 to 5/4/24
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	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	5 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$194.80	$210.80	$171.00	$153.50
Forecasted Upside	1.62% Upside	18.31% Upside	-20.67% Downside	-7.51% 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	1.80	2.66	2.54
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	1.62% Upside	130.70% Upside	17.54% 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
5/1/2025	JPMorgan Chase & Co. 2 of 5 stars	Joseph Cardoso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$220.00 ➝ $215.00	+15.18%
5/1/2025	Morgan Stanley 3 of 5 stars	Erik Woodring Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$159.00 ➝ $172.00	-8.04%
4/30/2025	Barclays 3 of 5 stars	George Wang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$188.00 ➝ $152.00	-18.66%
2/26/2025	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ivan Feinseth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Strong-Buy ➝ Strong-Buy	$265.00 ➝ $285.00	+25.89%
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:57 AM 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 Friday, April 18, 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.:

The current stock price is around $190, which reflects a strong market position and potential for growth.
Garmin Ltd. has seen significant institutional interest, with over 81% of its stock owned by institutional investors, indicating confidence from large financial entities.
Recent upgrades from analysts, including a strong buy rating from Tigress Financial, suggest positive future performance and investor sentiment.
The company has a diverse product range, including the latest fitness and multi-sport watches, which cater to the growing health and wellness market.
Garmin Ltd. has a solid market capitalization of approximately $36.66 billion, providing stability and resources for future innovations and expansions.

Garmin
Bear Case

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

Insider selling has been notable, with over 24,000 shares sold recently, which may indicate a lack of confidence among company executives.
Some analysts have issued sell ratings, reflecting concerns about the stock's valuation and potential market challenges.
The stock has experienced volatility, with a one-year high of $246.50 and a low of $138.86, suggesting uncertainty in its price stability.
Competition in the wearable technology market is intensifying, which could impact Garmin Ltd.'s market share and profitability.
The price-to-earnings ratio of 26.06 may suggest that the stock is overvalued compared to its earnings, which could deter value-focused investors.

GRMN Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Garmin is $194.80, with a high forecast of $285.00 and a low forecast of $150.00.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 3 sell ratings, 1 hold rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" GRMN shares.
: According to analysts, Garmin's stock has a predicted upside of 1.62% 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 5/4/2025 by MarketBeat.com Staff

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Garmin (GRMN) Stock Forecast & Price Target