Garmin (GRMN) – Investment Analysts’ Recent Ratings Updates

Garmin (NYSE: GRMN) has recently received a number of price target changes and ratings updates:

• 11/2/2026 – Garmin had its “underperform” rating reaffirmed by Bank of America.
• 10/29/2026 – Garmin had its price target raised by Morgan Stanley from $289.00 to $295.00. They now have an “equal weight” rating on the stock.
• 10/29/2026 – Garmin had its price target lowered by Barclays from $297.00 to $277.00. They now have an “equal weight” rating on the stock.
• 10/29/2026 – Garmin had its “sector weight” rating reaffirmed by KeyCorp.
• 10/29/2026 – Garmin had its price target raised by JPMorgan Chase & Co. from $295.00 to $310.00. They now have a “neutral” rating on the stock.
• 10/28/2026 – Garmin was upgraded by Weiss Ratings from “buy (b)” to “buy (b+)”.
• 10/14/2026 – Garmin is now covered by Arete Research. They set a “buy” rating and a $335.00 price target on the stock.
• 10/12/2026 – Garmin was downgraded by Zacks Research from “strong-buy” to “hold”.

Garmin Price Performance

Shares of NYSE:GRMN traded up $17.86 during trading on Wednesday, reaching $289.30. 1,307,357 shares of the stock were exchanged, compared to its average volume of 902,534. Garmin Ltd. has a 1-year low of $186.67 and a 1-year high of $314.28. The stock has a fifty day moving average of $281.80 and a two-hundred day moving average of $254.22. The firm has a market cap of $55.75 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 2.85 and a beta of 0.90.

Garmin (NYSE:GRMN) last posted its quarterly earnings results on Wednesday, October 28th. The scientific and technical instruments company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.38. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Garmin had a net margin of 25.58% and a return on equity of 21.94%. Garmin’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.99 EPS. Sell-side analysts forecast that Garmin Ltd. will post 10.84 EPS for the current year.

Insider Buying and Selling at Garmin

In other Garmin news, insider Cheng-Wei Wang sold 9,941 shares of Garmin stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $299.36, for a total transaction of $2,975,937.76. Following the completion of the transaction, the insider owned 29,506 shares in the company, valued at approximately $8,832,916.16. The trade was a 25.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 14.80% of the stock is owned by corporate insiders.

Garmin Ltd. (NYSE: GRMN) designs and manufactures GPS-enabled technology and smart devices for fitness, outdoor recreation, aviation, marine, and automotive markets. Its product portfolio includes smartwatches, cycling computers, sports and activity trackers, satellite communication devices, navigation systems, and related sensors and accessories.

The company also develops aviation systems and avionics, marine chartplotters and sonar equipment, and navigation and infotainment solutions for vehicle manufacturers.