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Garmin Ltd has a consensus price target of $139 based on the ratings of 14 analysts. The high is $215 issued by Tigress Financial on September 19, 2024. The low is $99 issued by Morgan Stanley on February 23, 2023. The 3 most-recent analyst ratings were released by Barclays, Tigress Financial, and Barclays on November 1, 2024, September 19, 2024, and September 13, 2024, respectively. With an average price target of $168.67 between Barclays, Tigress Financial, and Barclays, there's an implied -19.81% downside for Garmin Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Garmin (NYSE:GRMN) was reported by Barclays on November 1, 2024. The analyst firm set a price target for $158.00 expecting GRMN to fall to within 12 months (a possible -24.88% downside). 13 analyst firms have reported ratings in the last year.
The latest analyst rating for Garmin (NYSE:GRMN) was provided by Barclays, and Garmin maintained their underweight rating.
The last upgrade for Garmin Ltd happened on March 18, 2022 when B of A Securities raised their price target to $140. B of A Securities previously had a neutral for Garmin Ltd.
The last downgrade for Garmin Ltd happened on September 13, 2024 when Barclays changed their price target from $181 to $133 for Garmin Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Garmin, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Garmin was filed on November 1, 2024 so you should expect the next rating to be made available sometime around November 1, 2025.
While ratings are subjective and will change, the latest Garmin (GRMN) rating was a maintained with a price target of $133.00 to $158.00. The current price Garmin (GRMN) is trading at is $210.33, which is out of the analyst’s predicted range.
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