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.

$276.84 +10.08 (+3.78%)

Closing price 03:59 PM Eastern

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$277.18 +0.34 (+0.12%)

As of 07:57 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
12.04% 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 12.04% from the current price of $276.84.

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 10/13/25 to 10/13/26	1 Month Ago 9/13/25 to 9/13/26	3 Months Ago 7/15/25 to 7/15/26	1 Year Ago 10/13/24 to 10/13/25
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)	1 Buy rating(s)
Hold	4 Hold rating(s)	4 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	$228.75
Forecasted Upside	12.04% Upside	9.84% Upside	11.36% Upside	-8.99% 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	13.97% Upside	252.88% Upside	19.56% Upside
News Sentiment Rating	Neutral News See Recent GRMN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/4/2026	Weiss Ratings 3 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 to unlock brokerage rankings	Ivan Feinseth Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Strong-Buy
7/31/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Strong-Buy
7/30/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Tim Long Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Equal Weight	$238.00 ➝ $297.00	+0.73%
7/30/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Erik Woodring Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Equal Weight	$249.00 ➝ $289.00	-0.67%
4/16/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Joseph Cardoso Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$265.00 ➝ $285.00	+7.49%
12/3/2025	Longbow Research Subscribe to MarketBeat All Access to unlock brokerage rankings	David Macgregor Subscribe to MarketBeat All Access to unlock analyst rankings	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 Tuesday at 09:29 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, October 8, 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 consensus estimates in its most recent quarterly report, posting earnings per share of $2.81 against an expected $2.30 and generating revenue of $2.02 billion, which exceeded the $1.93 billion forecast and represented an 11.4% year-over-year increase.
The company has received a consensus recommendation of "Moderate Buy" from eight research firms, with an average twelve-month price target of $310.17, which suggests potential upside from the current stock price of $268.45.
Garmin Ltd. continues to innovate in the wearables sector by unveiling new flagship products such as the Approach S72 golf smartwatch and the Enduro 4 smartwatch, which features solar charging and extreme battery life, helping to maintain its competitive edge in the fitness and outdoor segments.
Short interest in the stock has been declining over recent months, dropping from 4.25 million shares in June 2026 to 3.09 million shares in September 2026, indicating that fewer investors are betting against the company's future performance.
The company maintains a consistent dividend yield of 1.50%, providing a steady income stream for investors while the stock trades at a price-to-earnings ratio of 27.68, which is below the 30.30 ratio cited in earlier recent reports.

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, CFO, and COO selling significant blocks of shares in early 2026, such as the CEO selling 19,914 shares in February and the CFO selling 2,000 shares in June, which may signal reduced internal confidence.
Garmin Ltd. is facing increased competition in the wearables market, as evidenced by the recent $15.6 billion IPO of Oura, which is betting on investors seeing more than a smart ring, potentially challenging Garmin's market share in the fitness and wellness device sector.
The stock has experienced volatility and recent declines, dropping from a 52-week high of $314.28 to the current price of $268.45, with a recent price change of -7.71, indicating potential market uncertainty or overvaluation concerns.
Some analysts have downgraded their outlook, with Wall Street Zen downgrading the stock from "buy" to "hold" in June 2026, and the consensus rating was previously "Hold" in late 2025 before shifting to "Moderate Buy," suggesting a period of mixed sentiment among investors.
The company's beta of 0.82 indicates lower volatility than the market, but the recent drop in stock price and the presence of short interest, even if declining, suggest that some investors are still cautious about the company's growth trajectory and valuation.

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

According to analysts, Garmin's stock has a predicted upside of 12.04% 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