Garmin (GRMN) Stock Forecast, Price Target & Predictions
GRMN Stock Forecast
Garmin stock forecast is as follows: an average price target of $149.00 (represents a -17.34% downside from GRMN’s last price of $180.25) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.
GRMN Price Target
The average price target for Garmin (GRMN) is $149.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $210.00 to $96.00. This represents a potential -17.34% downside from GRMN's last price of $180.25.
GRMN Analyst Ratings
According to 4 Wall Street analysts, Garmin's rating consensus is 'Hold'. The analyst rating breakdown for GRMN stock is 1 'Strong Buy' (25.00%), 1 'Buy' (25.00%), 2 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Garmin Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 14, 2024 | Ivan Feinseth | Tigress Financial | $210.00 | $170.19 | 23.40% | 16.50% |
| Aug 05, 2022 | - | Tigress Financial | $165.00 | $97.60 | 69.06% | -8.46% |
| Jul 28, 2022 | - | Morgan Stanley | $96.00 | $96.57 | -0.59% | -46.74% |
| Jun 14, 2022 | Erik Woodring | Morgan Stanley | $115.00 | $96.72 | 18.90% | -36.20% |
| May 06, 2022 | Ivan Feinseth | Tigress Financial | $208.00 | $106.03 | 96.17% | 15.40% |
| Apr 30, 2022 | Jeffrey Rand | Deutsche Bank | $150.00 | $109.74 | 36.69% | -16.78% |
| Mar 18, 2022 | Ronald Epstein | Bank of America Securities | $140.00 | $119.61 | 17.05% | -22.33% |
| Feb 28, 2022 | Ivan Feinseth | Tigress Financial | $205.00 | $110.44 | 85.62% | 13.73% |
The latest Garmin stock forecast, released on May 14, 2024 by Ivan Feinseth from Tigress Financial, set a price target of $210.00, which represents a 23.40% increase from the stock price at the time of the forecast ($170.19), and a 16.50% increase from GRMN last price ($180.25).
Garmin Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $210.00 |
| Last Closing Price | $180.25 | $180.25 | $180.25 |
| Upside/Downside | -100.00% | -100.00% | 16.50% |
In the current month, the average price target of Garmin stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Garmin's last price of $180.25. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 01, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| May 22, 2024 | Bank of America Securities | Neutral | Underperform | Downgrade |
| May 14, 2024 | Tigress Financial | Strong Buy | Strong Buy | Hold |
| Apr 03, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Aug 05, 2022 | Tigress Financial | Strong Buy | Strong Buy | Hold |
| Jul 28, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 15, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 14, 2022 | Morgan Stanley | Reduce | Reduce | Hold |
| Apr 30, 2022 | Deutsche Bank | Buy | Buy | Hold |
| Feb 28, 2022 | Tigress Financial | Strong Buy | Strong Buy | Hold |
Garmin's last stock rating was published by Barclays on Aug 01, 2024. The company gave GRMN a "Equal-Weight" rating, the same as its previous rate.
Garmin Financial Forecast
Garmin Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $1.28B | $1.32B | $1.15B | $1.31B | $1.14B | $1.24B | $1.17B | $1.39B | $1.19B | $1.33B | $1.07B | $1.35B | $1.11B | $869.87M | $856.11M | $1.10B | $934.38M | $954.84M | $766.05M | $932.11M | $810.01M |
| Avg Forecast | $1.71B | $1.68B | $1.64B | $1.61B | $1.63B | $1.44B | $1.42B | $1.25B | $1.41B | $1.21B | $1.26B | $1.08B | $1.30B | $1.21B | $1.34B | $1.14B | $1.36B | $1.15B | $1.11B | $937.68M | $1.18B | $892.14M | $658.77M | $821.47M | $1.01B | $866.86M | $929.65M | $730.97M | $731.07M | $615.61M |
| High Forecast | $1.72B | $1.68B | $1.65B | $1.61B | $1.64B | $1.46B | $1.43B | $1.26B | $1.42B | $1.23B | $1.26B | $1.08B | $1.31B | $1.22B | $1.34B | $1.15B | $1.37B | $1.16B | $1.12B | $947.30M | $1.19B | $901.29M | $665.53M | $829.89M | $1.02B | $875.75M | $939.18M | $738.47M | $877.28M | $738.73M |
| Low Forecast | $1.71B | $1.67B | $1.64B | $1.60B | $1.62B | $1.43B | $1.42B | $1.25B | $1.41B | $1.18B | $1.25B | $1.08B | $1.30B | $1.21B | $1.34B | $1.13B | $1.35B | $1.14B | $1.10B | $927.77M | $1.17B | $882.71M | $651.81M | $812.78M | $998.77M | $857.70M | $919.82M | $723.24M | $584.85M | $492.49M |
| # Analysts | - | - | - | - | 1 | 3 | 1 | 2 | 4 | 5 | 3 | 3 | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 9 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.06% | 1.05% | 1.06% | 1.01% | 0.94% | 0.93% | 1.03% | 1.02% | 1.04% | 1.19% | 1.14% | 1.14% | 1.24% | 1.32% | 1.04% | 1.09% | 1.08% | 1.03% | 1.05% | 1.28% | 1.32% |
Garmin's average Quarter revenue forecast for Dec 23 based on 4 analysts is $1.41B, with a low forecast of $1.41B, and a high forecast of $1.42B. GRMN's average Quarter revenue forecast represents a 10.74% increase compared to the company's last Quarter revenue of $1.28B (Sep 23).
Garmin EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 3 | 1 | 2 | 4 | 5 | 3 | 3 | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 9 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | $326.54M | $317.75M | $232.71M | $222.64M | $308.73M | $356.82M | $273.27M | $329.76M | $336.76M | $416.29M | $294.83M | $395.24M | $306.99M | $222.21M | $221.11M | $309.31M | $304.64M | $279.53M | $175.08M | $226.88M | $226.08M |
| Avg Forecast | $457.37M | $447.73M | $438.30M | $429.07M | $434.78M | $385.56M | $380.32M | $350.50M | $377.96M | $322.00M | $335.38M | $318.63M | $347.15M | $304.73M | $357.88M | $289.67M | $315.16M | $277.03M | $259.90M | $193.76M | $323.36M | $164.13M | $178.79M | $188.69M | $240.02M | $188.77M | $257.58M | $184.92M | $186.03M | $153.66M |
| High Forecast | $459.85M | $450.16M | $440.68M | $431.40M | $437.14M | $390.96M | $382.39M | $420.60M | $380.66M | $329.49M | $337.20M | $382.36M | $349.04M | $365.68M | $357.88M | $347.60M | $378.19M | $332.43M | $311.88M | $232.51M | $388.04M | $196.96M | $214.54M | $226.42M | $288.02M | $226.52M | $309.09M | $221.90M | $223.23M | $184.39M |
| Low Forecast | $456.27M | $446.66M | $437.25M | $428.04M | $433.73M | $382.87M | $379.41M | $280.40M | $377.05M | $314.54M | $334.57M | $254.91M | $346.32M | $243.78M | $357.88M | $231.73M | $252.13M | $221.62M | $207.92M | $155.00M | $258.69M | $131.30M | $143.03M | $150.95M | $192.01M | $151.01M | $206.06M | $147.93M | $148.82M | $122.93M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.01% | 0.95% | 0.73% | 0.64% | 1.01% | 1.00% | 0.94% | 1.05% | 1.22% | 1.60% | 1.52% | 1.22% | 1.87% | 1.24% | 1.17% | 1.29% | 1.61% | 1.09% | 0.95% | 1.22% | 1.47% |
4 analysts predict GRMN's average Quarter EBITDA for Dec 23 to be $377.96M, with a high of $380.66M and a low of $377.05M. This is 15.75% upper than Garmin's previous annual EBITDA (Sep 23) of $326.54M.
Garmin Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 3 | 1 | 2 | 4 | 5 | 3 | 3 | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 9 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | $257.24M | $287.94M | $202.33M | $293.27M | $210.85M | $257.87M | $211.59M | $286.13M | $259.04M | $317.00M | $220.03M | $333.55M | $313.42M | $184.18M | $161.18M | $360.79M | $227.87M | $223.66M | $140.17M | $190.15M | $184.21M |
| Avg Forecast | $363.12M | $304.71M | $334.43M | $281.51M | $313.85M | $276.48M | $282.67M | $260.56M | $270.93M | $247.48M | $275.06M | $236.87M | $228.73M | $251.02M | $277.88M | $215.34M | $257.73M | $228.20M | $201.02M | $148.33M | $251.96M | $139.30M | $145.11M | $147.75M | $274.06M | $151.11M | $190.44M | $136.22M | $137.86M | $126.04M |
| High Forecast | $365.68M | $306.86M | $336.79M | $283.49M | $316.07M | $284.10M | $284.66M | $312.67M | $286.41M | $260.91M | $277.00M | $284.24M | $230.35M | $301.23M | $277.88M | $258.40M | $309.27M | $273.84M | $241.23M | $178.00M | $302.35M | $167.16M | $174.13M | $177.30M | $328.87M | $181.33M | $228.53M | $163.47M | $165.43M | $151.25M |
| Low Forecast | $361.98M | $303.76M | $333.39M | $280.63M | $312.87M | $270.76M | $281.78M | $208.45M | $263.19M | $239.80M | $274.20M | $189.50M | $228.02M | $200.82M | $277.88M | $172.27M | $206.18M | $182.56M | $160.82M | $118.67M | $201.57M | $111.44M | $116.09M | $118.20M | $219.25M | $120.89M | $152.35M | $108.98M | $110.29M | $100.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.04% | 1.05% | 0.85% | 1.28% | 0.84% | 0.93% | 0.98% | 1.11% | 1.14% | 1.58% | 1.48% | 1.32% | 2.25% | 1.27% | 1.09% | 1.32% | 1.51% | 1.17% | 1.03% | 1.38% | 1.46% |
Garmin's average Quarter net income forecast for Dec 23 is $270.93M, with a range of $263.19M to $286.41M. GRMN's average Quarter net income forecast represents a 5.32% increase compared to the company's last Quarter net income of $257.24M (Sep 23).
Garmin SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 3 | 1 | 2 | 4 | 5 | 3 | 3 | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 9 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | $236.63M | $250.69M | $234.33M | $262.08M | $222.43M | $234.57M | $224.92M | $235.21M | $199.22M | $208.70M | $188.68M | $220.04M | $176.00M | $161.30M | $164.07M | $200.93M | $157.44M | $170.26M | $154.40M | $181.34M | $145.81M |
| Avg Forecast | $310.91M | $304.36M | $297.95M | $291.68M | $295.56M | $262.10M | $258.54M | $276.97M | $256.93M | $218.89M | $227.99M | $251.79M | $235.99M | $193.05M | $243.28M | $228.90M | $211.86M | $175.50M | $132.35M | $127.20M | $166.22M | $78.22M | $127.09M | $150.39M | $152.63M | $104.41M | $144.97M | $150.05M | $131.47M | $99.76M |
| High Forecast | $312.60M | $306.01M | $299.57M | $293.26M | $297.16M | $265.77M | $259.94M | $332.36M | $258.77M | $223.99M | $229.22M | $302.15M | $237.27M | $231.66M | $243.28M | $274.68M | $254.23M | $210.60M | $158.81M | $152.64M | $199.47M | $93.87M | $152.50M | $180.47M | $183.15M | $125.29M | $173.97M | $180.06M | $157.76M | $119.72M |
| Low Forecast | $310.16M | $303.63M | $297.24M | $290.98M | $294.85M | $260.27M | $257.92M | $221.57M | $256.32M | $213.82M | $227.44M | $201.43M | $235.42M | $154.44M | $243.28M | $183.12M | $169.49M | $140.40M | $105.88M | $101.76M | $132.98M | $62.58M | $101.67M | $120.32M | $122.10M | $83.52M | $115.98M | $120.04M | $105.18M | $79.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.08% | 1.10% | 0.93% | 1.11% | 1.15% | 0.96% | 0.98% | 1.11% | 1.14% | 1.58% | 1.48% | 1.32% | 2.25% | 1.27% | 1.09% | 1.32% | 1.51% | 1.17% | 1.03% | 1.38% | 1.46% |
Garmin's average Quarter SG&A projection for Dec 23 is $256.93M, based on 4 Wall Street analysts, with a range of $256.32M to $258.77M. The forecast indicates a 8.58% rise compared to GRMN last annual SG&A of $236.63M (Sep 23).
Garmin EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 3 | 1 | 2 | 4 | 5 | 3 | 3 | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 9 | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | $1.34 | $1.51 | $1.06 | $1.53 | $1.09 | $1.34 | $1.10 | $1.49 | $1.35 | $1.65 | $1.15 | $1.74 | $1.64 | $0.96 | $0.84 | $1.90 | $1.20 | $1.18 | $0.74 | $1.01 | $0.98 |
| Avg Forecast | $1.88 | $1.58 | $1.73 | $1.46 | $1.63 | $1.43 | $1.47 | $1.01 | $1.40 | $1.28 | $1.43 | $1.03 | $1.19 | $1.14 | $1.44 | $1.12 | $1.44 | $1.27 | $1.25 | $0.91 | $1.40 | $1.00 | $0.38 | $0.84 | $1.05 | $0.96 | $1.01 | $0.71 | $0.58 | $0.52 |
| High Forecast | $1.90 | $1.59 | $1.75 | $1.47 | $1.64 | $1.47 | $1.48 | $1.02 | $1.48 | $1.35 | $1.44 | $1.04 | $1.19 | $1.14 | $1.44 | $1.13 | $1.46 | $1.29 | $1.27 | $0.93 | $1.42 | $1.01 | $0.39 | $0.85 | $1.06 | $0.98 | $1.02 | $0.72 | $0.70 | $0.62 |
| Low Forecast | $1.88 | $1.57 | $1.73 | $1.45 | $1.62 | $1.40 | $1.46 | $1.01 | $1.36 | $1.24 | $1.42 | $1.03 | $1.18 | $1.13 | $1.44 | $1.10 | $1.42 | $1.25 | $1.23 | $0.90 | $1.38 | $0.98 | $0.38 | $0.83 | $1.03 | $0.95 | $0.99 | $0.70 | $0.46 | $0.42 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.04% | 1.06% | 1.02% | 1.29% | 0.96% | 0.93% | 0.99% | 1.03% | 1.06% | 1.32% | 1.26% | 1.24% | 1.64% | 2.50% | 1.00% | 1.82% | 1.25% | 1.17% | 1.05% | 1.74% | 1.88% |
According to 4 Wall Street analysts, Garmin's projected average Quarter EPS for Dec 23 is $1.40, with a low estimate of $1.36 and a high estimate of $1.48. This represents a 4.81% increase compared to GRMN previous annual EPS of $1.34 (Sep 23).
Garmin Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ST | Sensata Technologies | $35.19 | $52.36 | 48.79% | Buy |
| MKSI | MKS Instruments | $104.43 | $145.40 | 39.23% | Buy |
| CGNX | Cognex | $38.23 | $49.50 | 29.48% | Hold |
| TRMB | Trimble | $54.15 | $67.67 | 24.97% | Buy |
| FTV | Fortive | $70.67 | $86.38 | 22.23% | Buy |
| TDY | Teledyne | $421.77 | $485.25 | 15.05% | Buy |
| COHR | Coherent | $68.54 | $73.73 | 7.57% | Buy |
| ESE | ESCO | $114.87 | $120.00 | 4.47% | Buy |
| NOVT | Novanta | $168.40 | $175.00 | 3.92% | Buy |
| VNT | Vontier | $32.55 | $32.67 | 0.37% | Buy |
| GRMN | Garmin | $180.17 | $149.00 | -17.30% | Hold |
GRMN Forecast FAQ
Is Garmin a good buy?
No, according to 4 Wall Street analysts, Garmin (GRMN) is considered a 'Hold'. The rating consensus is based on 1 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of GRMN's total ratings.
What is GRMN's price target?
Garmin (GRMN) average price target is $149 with a range of $96 to $210, implying a -17.34% from its last price of $180.25. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Garmin stock go up soon?
According to Wall Street analysts' prediction for GRMN stock, the company can go down by -17.34% (from the last price of $180.25 to the average price target of $149), up by 16.50% based on the highest stock price target, and down by -46.74% based on the lowest stock price target.
Can Garmin stock reach $300?
GRMN's average twelve months analyst stock price target of $149 does not support the claim that Garmin can reach $300 in the near future.
What are Garmin's analysts' financial forecasts?
Garmin's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $5.74B (high $5.79B, low $5.72B), average EBITDA is $1.55B (high $1.63B, low $1.48B), average net income is $1.13B (high $1.2B, low $1.07B), average SG&A $1.09B (high $1.16B, low $1.03B), and average EPS is $5.54 (high $5.61, low $5.5). GRMN's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $6.63B (high $6.67B, low $6.62B), average EBITDA is $1.77B (high $1.78B, low $1.77B), average net income is $1.28B (high $1.29B, low $1.28B), average SG&A $1.2B (high $1.21B, low $1.2B), and average EPS is $6.66 (high $6.7, low $6.63).
Did the GRMN's actual financial results beat the analysts' financial forecasts?
Based on Garmin's last annual report (Dec 2022), the company's revenue was $4.86B, which missed the average analysts forecast of $4.99B by -2.67%. Apple's EBITDA was $1.2B, missing the average prediction of $1.3B by -7.42%. The company's net income was $973.58M, beating the average estimation of $972.97M by 0.06%. Apple's SG&A was $944M, beating the average forecast of $901.22M by 4.75%. Lastly, the company's EPS was $5.06, beating the average prediction of $4.88 by 3.68%. In terms of the last quarterly report (Sep 2023), Garmin's revenue was $1.28B, beating the average analysts' forecast of $1.21B by 6.00%. The company's EBITDA was $326.54M, beating the average prediction of $322M by 1.41%. Garmin's net income was $257.24M, beating the average estimation of $247.48M by 3.95%. The company's SG&A was $236.63M, beating the average forecast of $218.89M by 8.10%. Lastly, the company's EPS was $1.34, beating the average prediction of $1.28 by 4.45%