Forecasting The Future: 4 Analyst Projections For Garmin
Throughout the last three months, 4 analysts have evaluated Garmin (NYSE:GRMN), offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 0 | 1 | 2 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 2 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $232.5, along with a high estimate of $310.00 and a low estimate of $195.00. Witnessing a positive shift, the current average has risen by 6.53% from the previous average price target of $218.25.
Understanding Analyst Ratings: A Comprehensive Breakdown
In examining recent analyst actions, we gain insights into how financial experts perceive Garmin. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Tim Long | Barclays | Raises | Equal-Weight | $217.00 | $208.00 |
| Ivan Feinseth | Tigress Financial | Raises | Strong Buy | $310.00 | $305.00 |
| Erik Woodring | Morgan Stanley | Raises | Underweight | $195.00 | $193.00 |
| George Wang | Barclays | Raises | Underweight | $208.00 | $167.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Garmin. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Garmin compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Garmin's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Garmin's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Garmin analyst ratings.
All You Need to Know About Garmin
Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices through a vertically integrated design and manufacturing approach. The company's product lines include smartwatches, fitness trackers, communication equipment, and a comprehensive suite of systems for marine and aviation navigation. Garmin operates globally, with its business focused primarily on North America and Europe.
Breaking Down Garmin's Financial Performance
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3M period, Garmin showcased positive performance, achieving a revenue growth rate of 11.66% as of 30 September, 2025. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Garmin's net margin is impressive, surpassing industry averages. With a net margin of 22.68%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Garmin's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.84%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Garmin's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.85% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.02.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.