Garmin (GRMN) Stock Forecast & Price Target

Q: What analysts cover Garmin?

Garmin has been rated by research analysts at Barclays , KeyCorp , Morgan Stanley , Tigress Financial , UBS Group , Weiss Ratings , and Zacks Research in the past 90 days.

$287.82 +3.15 (+1.11%)

Closing price 03:59 PM Eastern

Extended Trading

$287.52 -0.31 (-0.11%)

As of 06:24 PM Eastern

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Garmin - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 8 Analyst Ratings

Sell
0

Hold
4

Buy
4

Based on 8 Wall Street analysts who have issued ratings for Garmin in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 4 have given a hold rating, 2 have given a buy rating, and 2 have given a strong buy rating for GRMN.

Consensus Price Target

$310.17
7.76% Upside

According to the 8 analysts' twelve-month price targets for Garmin, the average price target is $310.17. The highest price target for GRMN is $370.00, while the lowest price target for GRMN is $250.00. The average price target represents a forecasted upside of 7.76% from the current price of $287.82.

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.

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GRMN Analyst Ratings Over Time

Type	Current Forecast 9/23/25 to 9/23/26	1 Month Ago 8/24/25 to 8/24/26	3 Months Ago 6/25/25 to 6/25/26	1 Year Ago 9/23/24 to 9/23/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	0 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$310.17	$310.17	$269.40	$223.75
Forecasted Upside	7.76% Upside	6.50% Upside	14.48% Upside	-5.72% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	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	Consumer Discretionary Companies	Broader Market
Consensus Rating Score	2.75	2.19	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	7.76% Upside	211.49% Upside	18.87% Upside
News Sentiment Rating	Positive News See Recent GRMN News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/4/2026	Weiss Ratings 5 of 5 stars		Reiterated Rating	Buy (B)
9/2/2026	KeyCorp 2 of 5 stars		Reiterated Rating	Sector Weight
8/6/2026	UBS Group 4 of 5 stars		Set Target		$370.00	+22.55%
8/6/2026	Tigress Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ivan Feinseth Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Strong-Buy
7/31/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
7/30/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tim Long Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$238.00 ➝ $297.00	+0.73%
7/30/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Erik Woodring Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$249.00 ➝ $289.00	-0.67%
4/16/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Cardoso Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$265.00 ➝ $285.00	+7.49%
12/3/2025	Longbow Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Macgregor Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$250.00	+26.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:30 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 22, 2026. 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 demonstrated strong fundamental performance by beating analyst expectations in its most recent earnings report on July 30, 2026, where it delivered an actual EPS of $2.81 compared to a consensus estimate of $2.30, alongside revenue of $2.02 billion which exceeded the $1.93 billion consensus, signaling robust demand for its products.
The company has received a recent upgrade to a Zacks Rank #1 (Strong Buy) on September 16, 2026, reflecting growing optimism among analysts regarding its earnings prospects and potential for further stock price appreciation.
Garmin Ltd. is expanding its product ecosystem through strategic acquisitions, such as the purchase of Applied Ballistics in September 2026, which enhances its outdoor segment by integrating advanced research and technology for long-range shooting into its existing device lineup.
Investors can benefit from the company's consistent dividend payments, as Garmin Ltd. currently offers a dividend yield of 1.53%, providing a steady income stream alongside potential capital appreciation.
The stock is currently trading at $280.13, which is below the consensus price target of $310.167 set by analysts, suggesting there is still room for upside potential as the company continues to outperform the broader market.

Garmin
Bear Case

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

There is a notable trend of insider selling, with multiple executives including the CEO and CFO selling shares in recent months, such as the CEO selling 4,029 shares on July 29, 2026, which may signal that company insiders are taking advantage of the current high stock prices to realize gains.
Garmin Ltd. faces intense competition in the wearables market, as evidenced by recent news highlighting that its rival, the Apple Watch, is a direct competitor, and the company's own vívoactive 6 smartwatch is being sold at its lowest price in a year, which could pressure margins and brand perception.
The company's valuation is relatively high, with a P/E ratio of 28.88, which may limit the upside potential for investors if future earnings growth does not continue to outpace the stock price increase.
Short interest in the stock has been fluctuating, with a recent record showing 3,152,383 shares shorted as of August 31, 2026, indicating that some investors are betting against the stock's future performance, which could lead to volatility.
Garmin Ltd. has underperformed the broader Technology sector over the past year, suggesting that its growth rate may not be keeping pace with its peers, which could be a concern for investors seeking high-growth opportunities in the tech space.

GRMN Forecast - Frequently Asked Questions

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Garmin is $310.17, with a high forecast of $370.00 and a low forecast of $250.00.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last twelve months. There are currently 4 hold ratings, 2 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GRMN shares.

According to analysts, Garmin's stock has a predicted upside of 7.76% based on their 12-month stock forecasts.

Over the previous 90 days, Garmin's stock had 1 upgrade by analysts.

Garmin has been rated by research analysts at Barclays, KeyCorp, Morgan Stanley, Tigress Financial, UBS Group, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Garmin more than other "consumer discretionary" companies. The consensus rating for Garmin is Moderate Buy while the average consensus rating for "consumer discretionary" companies is Hold. Learn more on how GRMN compares to other companies.

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Brokerages With Garmin Recommendations

MarketBeat monitors more than a dozen sources for Garmin analyst ratings, with the most recent rating issued on 9/4/2026.

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Garmin (GRMN) Stock Forecast & Price Target