Garmin Ltd. (GRMN)
NYSE: GRMN · IEX Real-Time Price · USD
161.49
+0.39 (0.24%)
At close: Jul 2, 2024, 4:00 PM
161.48
-0.01 (-0.01%)
After-hours: Jul 2, 2024, 7:54 PM EDT
Garmin Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Garmin stock have an average target of 147.78, with a low estimate of 100 and a high estimate of 210. The average target predicts a decrease of -8.49% from the current stock price of 161.49.
Analyst Consensus: Hold
* Price targets were last updated on May 22, 2024.
Analyst Ratings
The average analyst rating for Garmin stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 7 | 6 | 6 | 7 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 8 | 8 | 9 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Hold → Sell Downgrades $165 → $150 | Hold → Sell | Downgrades | $165 → $150 | -7.11% | May 22, 2024 |
| Tigress Financial | Tigress Financial | Strong Buy Maintains $175 → $210 | Strong Buy | Maintains | $175 → $210 | +30.04% | May 14, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $155 → $175 | Hold | Maintains | $155 → $175 | +8.37% | May 2, 2024 |
| Barclays | Barclays | Hold Maintains $140 → $166 | Hold | Maintains | $140 → $166 | +2.79% | May 2, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $139 → $155 | Hold | Maintains | $139 → $155 | -4.02% | Apr 11, 2024 |
Financial Forecast
Revenue This Year
5.98B
from 5.23B
Increased by 14.28%
Revenue Next Year
6.50B
from 5.98B
Increased by 8.75%
EPS This Year
5.80
from 6.71
Decreased by -13.64%
EPS Next Year
6.30
from 5.80
Increased by 8.78%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.4B | 7.0B | 7.6B | 8.2B | 8.9B |
| Avg | 6.0B | 6.5B | 7.3B | 8.0B | 8.7B |
| Low | 5.6B | 6.1B | 7.0B | 7.7B | 8.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.6% | 16.9% | 17.5% | 11.9% | 12.2% |
| Avg | 14.3% | 8.8% | 12.8% | 8.7% | 9.0% |
| Low | 7.9% | 1.8% | 7.1% | 4.4% | 4.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.24 | 6.83 | 6.90 | 7.76 | 8.58 |
| Avg | 5.80 | 6.30 | 6.70 | 7.54 | 8.33 |
| Low | 5.10 | 5.54 | 6.44 | 7.24 | 8.01 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -7.0% | 17.8% | 9.4% | 15.8% | 13.8% |
| Avg | -13.6% | 8.8% | 6.3% | 12.5% | 10.6% |
| Low | -24.1% | -4.5% | 2.1% | 8.1% | 6.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.