Garmin Ltd. (GRMN)
NYSE: GRMN · IEX Real-Time Price · USD
173.74
+3.62 (2.13%)
Jul 16, 2024, 4:00 PM EDT - Market closed

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 -14.94% from the current stock price of 173.74.

Analyst Consensus: Hold
Target Low Average Median High
Price $100 $147.78 $140 $210
Change -42.44% -14.94% -19.42% +20.87%
* 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 Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 111111
Buy 111111
Hold 667666
Sell 000111
Strong Sell 000000
Total 889999

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
B of A Securities
B of A Securities
Sell
Downgrades
$165$150
Sell Downgrades $165$150 -13.66% May 22, 2024
Tigress Financial
Tigress Financial
Strong Buy
Maintains
$175$210
Strong Buy Maintains $175$210 +20.87% May 14, 2024
JP Morgan
JP Morgan
Hold
Maintains
$155$175
Hold Maintains $155$175 +0.73% May 2, 2024
Barclays
Barclays
Hold
Maintains
$140$166
Hold Maintains $140$166 -4.45% May 2, 2024
JP Morgan
JP Morgan
Hold
Maintains
$139$155
Hold Maintains $139$155 -10.79% Apr 11, 2024
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
3.76B4.19B4.98B4.86B5.23B5.98B6.50B7.33B7.97B8.68B
Revenue Growth
12.25%11.42%19.02%-2.46%7.57%14.28%8.75%12.80%8.66%9.00%
EPS
4.995.175.615.046.715.806.306.707.548.33
EPS Growth
36.34%3.61%8.51%-10.16%33.13%-13.64%8.78%6.31%12.48%10.55%
Forward PE
-----29.9827.5625.9323.0520.85
No. Analysts -----1111533
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.