Garmin (GRMN) Stock Forecast, Price Target & Predictions
GRMN Stock Forecast
Garmin stock forecast is as follows: an average price target of $146.80 (represents a -30.20% downside from GRMN’s last price of $210.33) 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 $146.80 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 $96.00. This represents a potential -30.20% downside from GRMN's last price of $210.33.
GRMN Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 19, 2024 | Ivan Feinseth | Tigress Financial | - | - | 25.17% | 2.22% |
| Sep 13, 2024 | Tim Long | Barclays | - | - | -27.23% | -36.77% |
| May 14, 2024 | Ivan Feinseth | Tigress Financial | - | - | 23.40% | -0.16% |
| Aug 05, 2022 | Tigress Financial | - | - | 69.06% | -21.55% | |
| Jul 28, 2022 | Morgan Stanley | - | - | -0.59% | -54.36% | |
| Jun 14, 2022 | Erik Woodring | Morgan Stanley | - | - | 18.90% | -45.32% |
| May 06, 2022 | Ivan Feinseth | Tigress Financial | - | - | 96.17% | -1.11% |
| Apr 30, 2022 | Jeffrey Rand | Deutsche Bank | - | - | 36.69% | -28.68% |
| Mar 18, 2022 | Ronald Epstein | Bank of America Securities | - | - | 17.05% | -33.44% |
| Feb 28, 2022 | Ivan Feinseth | Tigress Financial | - | - | 85.62% | -2.53% |
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 2.22% increase from GRMN last price ($210.33).
Garmin Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 3 |
| Avg Price Target | - | $174.00 | $186.00 |
| Last Closing Price | $210.33 | $210.33 | $210.33 |
| Upside/Downside | -100.00% | -17.27% | -11.57% |
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 $210.33. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 07, 2024 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
| Sep 19, 2024 | Tigress Financial | Strong Buy | Strong Buy | Hold |
| Sep 13, 2024 | Barclays | Equal-Weight | Underweight | Downgrade |
| 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 |
Garmin's last stock rating was published by Morgan Stanley on Oct 07, 2024. The company Downgrade its GRMN rating from "Equal-Weight" to "Underweight".
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 | Mar 18 | Mar 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 | $1.65B | $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 | $1.81B | $1.74B | $1.71B | $1.53B | $1.70B | $1.44B | $1.42B | $1.25B | $1.42B | $1.23B | $1.28B | $1.10B | $1.33B | $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 | $1.75B | $1.67B | $1.65B | $1.46B | $1.61B | $1.44B | $1.42B | $1.25B | $1.39B | $1.18B | $1.24B | $1.06B | $1.28B | $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 |
| # Analysts | 1 | 1 | 1 | 3 | 4 | 3 | 3 | 3 | 4 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 7 | 7 | 8 | 7 | 6 | 9 | 6 | 14 | 16 |
| 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 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 3 | 4 | 3 | 3 | 3 | 4 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 7 | 7 | 8 | 7 | 6 | 9 | 6 | 14 | 16 |
| 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 | $436.62M | $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 | $480.75M | $460.17M | $453.69M | $404.85M | $449.69M | $382.93M | $377.44M | $420.60M | $377.77M | $326.99M | $340.15M | $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 | $462.98M | $443.16M | $436.93M | $386.08M | $426.16M | $382.74M | $377.44M | $280.40M | $369.17M | $312.15M | $327.58M | $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 $369.17M. This is 14.87% 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 3 | 4 | 3 | 3 | 3 | 4 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 7 | 7 | 8 | 7 | 6 | 9 | 6 | 14 | 16 |
| 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 | $369.46M | $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 | $414.21M | $388.30M | $373.41M | $305.37M | $381.19M | $289.70M | $294.93M | $312.67M | $286.81M | $261.27M | $283.32M | $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 | $394.44M | $369.77M | $355.59M | $280.44M | $361.64M | $268.76M | $271.21M | $208.45M | $263.56M | $240.14M | $269.80M | $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 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 3 | 4 | 3 | 3 | 3 | 4 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 7 | 7 | 8 | 7 | 6 | 9 | 6 | 14 | 16 |
| 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 | $299.08M | $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 | $329.31M | $315.21M | $310.77M | $277.32M | $308.03M | $262.31M | $258.54M | $332.36M | $258.77M | $223.99M | $233.00M | $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 | $317.14M | $303.56M | $299.29M | $264.46M | $291.91M | $262.17M | $258.54M | $221.57M | $252.88M | $213.82M | $224.39M | $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 $252.88M 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 3 | 4 | 3 | 3 | 3 | 4 | 5 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 7 | 7 | 8 | 7 | 6 | 9 | 6 | 14 | 16 |
| 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 | $1.91 | $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 | $2.14 | $2.01 | $1.93 | $1.58 | $1.97 | $1.50 | $1.53 | $1.01 | $1.48 | $1.35 | $1.47 | $1.06 | $1.22 | $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 | $2.04 | $1.91 | $1.84 | $1.45 | $1.87 | $1.39 | $1.40 | $1.01 | $1.36 | $1.24 | $1.40 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ST | Sensata Technologies | - | - | 57.57% | Buy |
| MKSI | MKS Instruments | - | - | 24.51% | Buy |
| CGNX | Cognex | - | - | 24.17% | Buy |
| VPG | Vishay Precision Group | - | - | 22.23% | |
| FTV | Fortive | - | - | 10.30% | Buy |
| NOVT | Novanta | - | - | 3.07% | Buy |
| TDY | Teledyne | - | - | 2.71% | Buy |
| TRMB | Trimble | - | - | -1.37% | Buy |
| ESE | ESCO | - | - | -2.65% | Buy |
| VNT | Vontier | - | - | -15.89% | Buy |
| COHR | Coherent | - | - | -16.02% | Buy |
| GRMN | Garmin | - | - | -30.20% | Sell |