Garmin (GRMN) Stock Forecast, Price Target & Predictions


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GRMN Stock Forecast


Garmin stock forecast is as follows: an average price target of $174.00 (represents a -16.87% downside from GRMN’s last price of $209.30) and a rating consensus of 'Sell', based on 4 wall street analysts offering a 1-year stock forecast.

GRMN Price Target


The average price target for Garmin (GRMN) is $174.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $215.00 to $133.00. This represents a potential -16.87% downside from GRMN's last price of $209.30.

GRMN Analyst Ratings


Sell

According to 4 Wall Street analysts, Garmin's rating consensus is 'Sell'. The analyst rating breakdown for GRMN stock is 1 'Strong Buy' (25.00%), 1 'Buy' (25.00%), 0 'Hold' (0.00%), 2 'Sell' (50.00%), and 0 'Strong Sell' (0.00%).

Garmin Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 19, 2024Ivan FeinsethTigress Financial$215.00$171.7625.17%2.72%
Sep 13, 2024Tim LongBarclays$133.00$182.76-27.23%-36.45%
May 14, 2024Ivan FeinsethTigress Financial$210.00$170.1923.40%0.33%
Aug 05, 2022Tigress Financial$165.00$97.6069.06%-21.17%
Jul 28, 2022Morgan Stanley$96.00$96.57-0.59%-54.13%
Jun 14, 2022Erik WoodringMorgan Stanley$115.00$96.7218.90%-45.05%
May 06, 2022Ivan FeinsethTigress Financial$208.00$106.0396.17%-0.62%
Apr 30, 2022Jeffrey RandDeutsche Bank$150.00$109.7436.69%-28.33%
Mar 18, 2022Ronald EpsteinBank of America Securities$140.00$119.6117.05%-33.11%
Feb 28, 2022Ivan FeinsethTigress Financial$205.00$110.4485.62%-2.05%

The latest Garmin stock forecast, released on Sep 19, 2024 by Ivan Feinseth from Tigress Financial, set a price target of $215.00, which represents a 25.17% increase from the stock price at the time of the forecast ($171.76), and a 2.72% increase from GRMN last price ($209.30).

Garmin Price Target by Period


1M3M12M
# Anlaysts-13
Avg Price Target-$215.00$186.00
Last Closing Price$209.30$209.30$209.30
Upside/Downside-100.00%2.72%-11.13%

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 $209.30. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Dec 16, 2024Tigress FinancialStrong BuyStrong BuyHold
Oct 07, 2024Morgan StanleyEqual-WeightUnderweightDowngrade
Sep 19, 2024Tigress FinancialStrong BuyStrong BuyHold
Sep 13, 2024BarclaysEqual-WeightUnderweightDowngrade
Aug 01, 2024BarclaysEqual-WeightEqual-WeightHold
May 22, 2024Bank of America SecuritiesNeutralUnderperformDowngrade
May 14, 2024Tigress FinancialStrong BuyStrong BuyHold
Apr 03, 2024Bank of America SecuritiesNeutralNeutralHold
Aug 05, 2022Tigress FinancialStrong BuyStrong BuyHold
Jul 28, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jun 15, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jun 14, 2022Morgan StanleyReduceReduceHold
Apr 30, 2022Deutsche BankBuyBuyHold
Feb 28, 2022Tigress FinancialStrong BuyStrong BuyHold
Feb 17, 2022Morgan StanleyEqual-WeightEqual-WeightHold

Garmin's last stock rating was published by Tigress Financial on Dec 16, 2024. The company gave GRMN a "Strong Buy" rating, the same as its previous rate.

Garmin Financial Forecast


Garmin Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
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$710.87M$638.55M
Avg Forecast$1.77B$1.70B$1.67B$1.49B$1.69B$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$585.45M$555.14M
High Forecast$1.85B$1.77B$1.75B$1.53B$1.74B$1.44B$1.42B$1.25B$1.42B$1.23B$1.31B$1.13B$1.36B$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$702.54M$666.17M
Low Forecast$1.74B$1.67B$1.64B$1.46B$1.65B$1.44B$1.42B$1.25B$1.39B$1.18B$1.23B$1.06B$1.27B$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$468.36M$444.12M
# Analysts11134333452212223333377876961416
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%1.21%1.15%

Garmin's average Quarter revenue forecast for Dec 23 based on 4 analysts is $1.41B, with a low forecast of $1.39B, 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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts11134333452212223333377876961416
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$164.53M$175.57M
Avg Forecast$470.40M$450.27M$443.93M$394.12M$448.36M$382.83M$377.44M$350.50M$375.09M$319.56M$332.83M$318.63M$346.67M$324.10M$357.88M$289.67M$363.30M$306.67M$296.81M$193.76M$316.01M$238.35M$176.00M$188.69M$269.69M$231.59M$248.37M$184.92M$139.19M$93.00M
High Forecast$491.31M$470.28M$463.66M$404.85M$461.78M$382.93M$377.44M$420.60M$377.77M$326.99M$347.62M$382.36M$416.01M$324.10M$357.88M$347.60M$363.30M$306.67M$296.81M$232.51M$316.01M$238.35M$176.00M$226.42M$269.69M$231.59M$248.37M$221.90M$167.02M$111.60M
Low Forecast$461.52M$441.76M$435.54M$386.08M$437.62M$382.74M$377.44M$280.40M$368.01M$312.15M$326.54M$254.91M$277.34M$324.10M$357.88M$231.73M$363.30M$306.67M$296.81M$155.00M$316.01M$238.35M$176.00M$150.95M$269.69M$231.59M$248.37M$147.93M$111.35M$74.40M
Surprise %---------1.02%0.95%0.73%0.64%0.95%1.00%0.94%0.91%1.10%1.40%1.52%1.25%1.29%1.26%1.17%1.15%1.32%1.13%0.95%1.18%1.89%

4 analysts predict GRMN's average Quarter EBITDA for Dec 23 to be $375.09M, with a high of $377.77M and a low of $368.01M. This is 14.87% upper than Garmin's previous annual EBITDA (Sep 23) of $326.54M.

Garmin Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts11134333452212223333377876961416
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$129.37M$237.81M
Avg Forecast$402.70M$377.51M$363.04M$290.83M$383.19M$279.23M$283.07M$260.56M$271.31M$247.82M$275.45M$236.87M$283.50M$219.30M$278.17M$215.34M$277.73M$245.35M$241.10M$148.33M$270.52M$192.42M$73.94M$147.75M$201.82M$185.73M$194.00M$136.22M$101.67M$201.32M
High Forecast$425.96M$399.32M$384.01M$305.37M$395.35M$289.70M$294.93M$312.67M$286.81M$261.27M$291.36M$284.24M$340.20M$219.30M$278.17M$258.40M$277.73M$247.92M$241.10M$178.00M$270.52M$192.42M$73.94M$177.30M$201.82M$185.73M$194.00M$163.47M$122.01M$241.58M
Low Forecast$392.81M$368.24M$354.12M$280.44M$375.08M$268.76M$271.21M$208.45M$263.56M$240.14M$268.68M$189.50M$226.80M$219.30M$278.17M$172.27M$277.73M$242.79M$241.10M$118.67M$270.52M$192.42M$73.94M$118.20M$201.82M$185.73M$194.00M$108.98M$81.34M$161.05M
Surprise %---------1.04%1.05%0.85%1.03%0.96%0.93%0.98%1.03%1.06%1.31%1.48%1.23%1.63%2.49%1.09%1.79%1.23%1.15%1.03%1.27%1.18%

Garmin's average Quarter net income forecast for Dec 23 is $271.31M, with a range of $263.56M to $286.81M. GRMN's average Quarter net income forecast represents a 5.47% increase compared to the company's last Quarter net income of $257.24M (Sep 23).

Garmin SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts11134333452212223333377876961416
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$142.38M$133.58M
Avg Forecast$322.22M$308.43M$304.09M$269.97M$307.12M$262.24M$258.54M$276.97M$256.93M$218.89M$227.99M$251.79M$233.05M$220.32M$243.28M$228.90M$246.97M$208.47M$201.77M$127.20M$214.82M$162.03M$119.64M$150.39M$183.33M$157.43M$168.84M$150.05M$111.87M$112.80M
High Forecast$336.54M$322.13M$317.60M$277.32M$316.31M$262.31M$258.54M$332.36M$258.77M$223.99M$238.12M$302.15M$279.65M$220.32M$243.28M$274.68M$246.97M$208.47M$201.77M$152.64M$214.82M$162.03M$119.64M$180.47M$183.33M$157.43M$168.84M$180.06M$134.24M$135.36M
Low Forecast$316.13M$302.60M$298.34M$264.46M$299.76M$262.17M$258.54M$221.57M$252.08M$213.82M$223.68M$201.43M$186.44M$220.32M$243.28M$183.12M$246.97M$208.47M$201.77M$101.76M$214.82M$162.03M$119.64M$120.32M$183.33M$157.43M$168.84M$120.04M$89.49M$90.24M
Surprise %---------1.08%1.10%0.93%1.12%1.01%0.96%0.98%0.95%0.96%1.03%1.48%1.02%1.09%1.35%1.09%1.10%1.00%1.01%1.03%1.27%1.18%

Garmin's average Quarter SG&A projection for Dec 23 is $256.93M, based on 4 Wall Street analysts, with a range of $252.08M 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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts11134333452212223333377876961416
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$0.69$1.27
Avg Forecast$2.08$1.95$1.88$1.51$1.98$1.45$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$0.44$0.38
High Forecast$2.21$2.07$1.99$1.58$2.05$1.50$1.53$1.01$1.48$1.35$1.51$1.09$1.25$1.14$1.44$1.12$1.44$1.29$1.25$0.91$1.40$1.00$0.38$0.84$1.05$0.96$1.01$0.71$0.53$0.46
Low Forecast$2.03$1.91$1.83$1.45$1.94$1.39$1.40$1.01$1.36$1.24$1.39$1.01$1.16$1.14$1.44$1.12$1.44$1.26$1.25$0.91$1.40$1.00$0.38$0.84$1.05$0.96$1.01$0.71$0.35$0.30
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%1.57%3.34%

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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
STSensata Technologies$29.48$39.6734.57%Buy
CGNXCognex$36.57$48.7533.31%Buy
TRMBTrimble$72.89$86.0017.99%Buy
MKSIMKS Instruments$109.90$128.8017.20%Buy
FTVFortive$75.73$87.0014.88%Buy
VPGVishay Precision Group$23.82$27.0013.35%
TDYTeledyne$470.66$519.0010.27%Buy
NOVTNovanta$165.65$175.005.64%Buy
ESEESCO$137.83$145.005.20%Buy
COHRCoherent$103.29$106.292.90%Buy
VNTVontier$38.18$32.67-14.43%Buy
GRMNGarmin$210.89$174.00-17.49%Sell

GRMN Forecast FAQ


Is Garmin a good buy?

No, according to 4 Wall Street analysts, Garmin (GRMN) is considered a 'Sell'. 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 $174 with a range of $133 to $215, implying a -16.87% from its last price of $209.3. 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 -16.87% (from the last price of $209.3 to the average price target of $174), up by 2.72% based on the highest stock price target, and down by -36.45% based on the lowest stock price target.

Can Garmin stock reach $300?

GRMN's average twelve months analyst stock price target of $174 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 $5.81B (high $5.86B, low $5.77B), average EBITDA is $1.56B (high $1.64B, low $1.48B), average net income is $1.21B (high $1.29B, low $1.12B), average SG&A $1.1B (high $1.17B, low $1.04B), and average EPS is $5.91 (high $6.09, low $5.75). GRMN's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $6.63B (high $6.9B, low $6.51B), average EBITDA is $1.76B (high $1.83B, low $1.72B), average net income is $1.43B (high $1.51B, low $1.4B), average SG&A $1.2B (high $1.25B, low $1.18B), and average EPS is $7.42 (high $7.84, low $7.22).

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 $1.32B by -8.75%. The company's net income was $973.58M, missing the average estimation of $996.3M by -2.28%. Apple's SG&A was $944M, beating the average forecast of $925.54M by 1.99%. 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 $319.56M by 2.18%. Garmin's net income was $257.24M, beating the average estimation of $247.82M by 3.80%. 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%