Garmin Stock Forecast

Stock Price Forecast

According to 9 analysts polled by S&P Global, Garmin stock has a consensus rating of "Hold" and an average price target of $299. The average 1-year stock price forecast is 5.64% higher than the current stock price, while the lowest is $230 (-18.74%) and the highest is $370 (+30.73%).

Price Target: $299 (+5.64%)

Analyst Consensus: Hold

Price Target

Chart

Target	Low	Average	Median	High
Price	$230	$299	$302.5	$370
Change	-18.74%	+5.64%	+6.88%	+30.73%

Analyst Ratings

The average analyst rating for Garmin stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Chart

Rating	May '26	Jul '26	Aug '26	Sep '26	Oct '26	Nov '26
Strong Buy	2	2	2	2	3	3
Buy	0	0	0	0	0	0
Hold	5	4	4	4	5	4
Sell	1	2	2	1	1	2
Strong Sell	0	0	0	0	0	0
Total	8	8	8	7	9	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ronald Epstein Bank of America Securities	Bank of America Securities	Sell Reiterates $220 → $230	Sell	Reiterates	$220 → $230	-18.74%	Nov 2, 2026
Joseph Cardoso J.P. Morgan	J.P. Morgan	Hold Maintains $295 → $310	Hold	Maintains	$295 → $310	+9.53%	Oct 29, 2026
Erik Woodring Morgan Stanley	Morgan Stanley	Hold Reiterates $295	Hold	Reiterates	$295	+4.23%	Oct 29, 2026
Noah Zatzkin KeyBanc	KeyBanc	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Oct 29, 2026
Tim Long Barclays	Barclays	Hold Maintains $297 → $277	Hold	Maintains	$297 → $277	-2.13%	Oct 29, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

8.15B

from 7.25B

12.46%

from 7.25B

Revenue Next Year

9.14B

from 8.15B

12.13%

from 8.15B

EPS This Year

10.79

from 8.56

26.03%

from 8.56

EPS Next Year

11.46

from 10.79

6.27%

from 10.79

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 25, 2021	Dec 31, 2022	Dec 30, 2023	Dec 28, 2024	Dec 27, 2025	Dec 31, 2026
Revenue	4.98B	4.86B	5.23B	6.30B	7.25B	8.15B
Revenue Growth	19.02%	-2.46%	7.57%	20.44%	15.07%	12.46%
Gross Profit	2.89B	2.81B	3.00B	3.70B	4.26B	4.97B
Gross Margin	58.01%	57.75%	57.48%	58.70%	58.74%	61.00%
Operating Income	1.22B	1.03B	1.09B	1.59B	1.88B	2.35B
Net Income	1.08B	973.59M	1.29B	1.41B	1.66B	2.09B
EPS	-	-	-	-	8.56	10.79
EPS Growth	-	-	-	-	15.83%	26.03%
Forward PE	23.45	18.81	23.78	28.64	24.27	26.23
Dividend / Share	2.68	2.92	2.92	3.00	3.60	4.13
Dividend Growth	9.84%	8.96%	-	2.74%	20.00%	14.58%
Free Cash Flow	-	-	-	-	1.36B	1.17B
No. Analysts	-	-	-	-	-	6

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	8.2B
Avg	8.1B
Low	8.1B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	12.7%
Avg	12.5%
Low	11.9%

EPS Forecast

Chart

EPS	2026	2027	2028
High	10.85
Avg	10.79
Low	10.65

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	26.8%
Avg	26.0%
Low	24.4%