Garmin Ltd. (GRMN)
NYSE: GRMN · IEX Real-Time Price · USD
165.97
+0.64 (0.39%)
At close: May 3, 2024, 4:00 PM
168.00
+2.03 (1.22%)
After-hours: May 3, 2024, 7:40 PM EDT
Garmin Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Garmin stock have an average target of 145.56, with a low estimate of 100 and a high estimate of 175. The average target predicts a decrease of -12.30% from the current stock price of 165.97.
Analyst Consensus: Hold
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 6 | 7 | 6 | 6 | 7 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 9 | 8 | 8 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold Maintains $155 → $175 | Hold | Maintains | $155 → $175 | +5.44% | May 2, 2024 |
| Barclays | Barclays | Hold Maintains $140 → $166 | Hold | Maintains | $140 → $166 | +0.02% | May 2, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $139 → $155 | Hold | Maintains | $139 → $155 | -6.61% | Apr 11, 2024 |
| B of A Securities | B of A Securities | Hold Maintains $120 → $165 | Hold | Maintains | $120 → $165 | -0.58% | Apr 3, 2024 |
| Tigress Financial | Tigress Financial | Strong Buy Reiterates $165 → $175 | Strong Buy | Reiterates | $165 → $175 | +5.44% | Feb 27, 2024 |
Financial Forecast
Revenue This Year
5.85B
from 5.23B
Increased by 11.82%
Revenue Next Year
6.36B
from 5.85B
Increased by 8.78%
EPS This Year
5.49
from 6.71
Decreased by -18.16%
EPS Next Year
6.14
from 5.49
Increased by 11.90%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 6.1B | 6.8B | 7.4B | 7.5B |
| Avg | 5.8B | 6.4B | 7.0B | 7.3B |
| Low | 5.4B | 6.0B | 6.5B | 7.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 16.8% | 15.6% | 16.9% | 6.7% |
| Avg | 11.8% | 8.8% | 10.4% | 3.7% |
| Low | 4.1% | 1.9% | 1.8% | -0.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 5.78 | 6.83 | 6.80 | 8.81 |
| Avg | 5.49 | 6.14 | 6.58 | 8.56 |
| Low | 4.90 | 5.47 | 6.30 | 8.22 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -13.9% | 24.3% | 10.7% | 33.8% |
| Avg | -18.2% | 11.9% | 7.2% | 30.0% |
| Low | -27.0% | -0.4% | 2.6% | 24.9% |
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.