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Garmin
GRMNNYSE
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Garmin (NYSE:GRMN) Stock, Analyst Ratings, Price Targets, Forecasts
Garmin Ltd has a consensus price target of $139.23 based on the ratings of 14 analysts. The high is $210 issued by Tigress Financial on May 14, 2024. The low is $99 issued by Morgan Stanley on February 23, 2023. The 3 most-recent analyst ratings were released by B of A Securities, Tigress Financial, and JP Morgan on May 22, 2024, May 14, 2024, and May 2, 2024, respectively. With an average price target of $178.33 between B of A Securities, Tigress Financial, and JP Morgan, there's an implied 3.24% upside for Garmin Ltd from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
B of A Securities
Tigress Financial
JP Morgan
Barclays
Barrington Research
1calculated from analyst ratings
Analyst Ratings for Garmin
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/22/2024 | Buy Now | -13.16% | B of A Securities | Ronald Epstein | $165 → $150 | Downgrade | Neutral → Underperform | Get Alert |
| 05/14/2024 | Buy Now | 21.58% | Tigress Financial | Ivan Feinseth | $175 → $210 | Maintains | Strong Buy | Get Alert |
| 05/02/2024 | Buy Now | 1.31% | JP Morgan | Joseph Cardoso | $155 → $175 | Maintains | Neutral | Get Alert |
| 05/02/2024 | Buy Now | -3.9% | Barclays | George Wang | $140 → $166 | Maintains | Equal-Weight | Get Alert |
| 04/11/2024 | Buy Now | -10.26% | JP Morgan | Joseph Cardoso | $139 → $155 | Maintains | Neutral | Get Alert |
| 04/03/2024 | Buy Now | -4.48% | B of A Securities | Ronald Epstein | $120 → $165 | Maintains | Neutral | Get Alert |
| 02/27/2024 | Buy Now | 1.31% | Tigress Financial | Ivan Feinseth | $165 → $175 | Reiterates | Strong Buy → Strong Buy | Get Alert |
| 02/22/2024 | Buy Now | -18.95% | Barrington Research | Tim Long | $119 → $140 | Maintains | Equal-Weight | Get Alert |
| 01/08/2024 | Buy Now | -21.84% | JP Morgan | Samik Chatterjee | → $135 | Downgrade | Overweight → Neutral | Get Alert |
| 11/02/2023 | Buy Now | -21.84% | JP Morgan | Lauren Chung | $118 → $135 | Maintains | Overweight | Get Alert |
| 11/02/2023 | Buy Now | -42.11% | Morgan Stanley | Erik Woodring | $103 → $100 | Maintains | Equal-Weight | Get Alert |
| 11/02/2023 | Buy Now | -31.11% | Barclays | George Kelly | $113 → $119 | Maintains | Equal-Weight | Get Alert |
| 08/10/2023 | Buy Now | -4.48% | Tigress Financial | Ivan Feinseth | → $165 | Reiterates | Strong Buy → Strong Buy | Get Alert |
| 08/08/2023 | Buy Now | -30.53% | B of A Securities | Ronald Epstein | $110 → $120 | Maintains | Neutral | Get Alert |
| 08/03/2023 | Buy Now | -40.37% | Morgan Stanley | Erik Woodring | $104 → $103 | Maintains | Equal-Weight | Get Alert |
| 08/03/2023 | Buy Now | -34.58% | Barclays | George Kelly | $106 → $113 | Maintains | Equal-Weight | Get Alert |
| 05/04/2023 | Buy Now | -39.79% | Morgan Stanley | Erik Woodring | $99 → $104 | Maintains | Equal-Weight | Get Alert |
| 05/04/2023 | Buy Now | -38.63% | Barclays | George Kelly | $101 → $106 | Maintains | Equal-Weight | Get Alert |
| 04/19/2023 | Buy Now | — | Keybanc | Noah Zatzkin | — | Initiates | → Sector Weight | Get Alert |
| 03/03/2023 | Buy Now | -4.48% | Tigress Financial | Ivan Feinseth | → $165 | Reiterates | → Strong Buy | Get Alert |
| 02/23/2023 | Buy Now | -33.42% | JP Morgan | Lauren Chung | $108 → $115 | Maintains | Overweight | Get Alert |
| 02/23/2023 | Buy Now | -42.69% | Morgan Stanley | Joshua Pokrzywinski | $91 → $99 | Maintains | Equal-Weight | Get Alert |
| 02/23/2023 | Buy Now | -41.53% | Barclays | Tim Long | $97 → $101 | Maintains | Equal-Weight | Get Alert |
| 11/09/2022 | Buy Now | -43.84% | Barclays | Tim Long | → $97 | Initiates | → Equal-Weight | Get Alert |
| 10/17/2022 | Buy Now | -47.32% | Morgan Stanley | Erik Woodring | $96 → $91 | Maintains | Equal-Weight | Get Alert |
| 08/05/2022 | Buy Now | -4.48% | Tigress Financial | Ivan Feinseth | $208 → $165 | Maintains | Strong Buy | Get Alert |
| 08/02/2022 | Buy Now | -36.9% | B of A Securities | Ronald Epstein | $137 → $109 | Downgrade | Buy → Neutral | Get Alert |
| 07/28/2022 | Buy Now | -44.42% | Morgan Stanley | Erik Woodring | $115 → $96 | Maintains | Equal-Weight | Get Alert |
| 07/28/2022 | Buy Now | -30.53% | JP Morgan | Paul Chung | $140 → $120 | Maintains | Overweight | Get Alert |
| 06/15/2022 | Buy Now | -33.42% | Morgan Stanley | Erik Woodring | $127 → $115 | Maintains | Equal-Weight | Get Alert |
| 03/18/2022 | Buy Now | -18.95% | B of A Securities | Ronald Epstein | $165 → $140 | Upgrade | Neutral → Buy | Get Alert |
| 02/17/2022 | Buy Now | -26.47% | Morgan Stanley | Erik Woodring | $141 → $127 | Maintains | Equal-Weight | Get Alert |
| 01/05/2022 | Buy Now | -7.37% | Deutsche Bank | Jeffrey Rand | $148 → $160 | Upgrade | Hold → Buy | Get Alert |
| 10/28/2021 | Buy Now | -18.37% | Morgan Stanley | Erik Woodring | — | Maintains | Equal-Weight | Get Alert |
| 07/29/2021 | Buy Now | -14.9% | Morgan Stanley | Erik Woodring | — | Maintains | Equal-Weight | Get Alert |
FAQ
What is the target price for Garmin (GRMN) stock?
The latest price target for Garmin (NYSE:GRMN) was reported by B of A Securities on May 22, 2024. The analyst firm set a price target for $150.00 expecting GRMN to fall to within 12 months (a possible -13.16% downside). 16 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Garmin (GRMN)?
The latest analyst rating for Garmin (NYSE:GRMN) was provided by B of A Securities, and Garmin downgraded their underperform rating.
When was the last upgrade for Garmin (GRMN)?
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.
When was the last downgrade for Garmin (GRMN)?
The last downgrade for Garmin Ltd happened on May 22, 2024 when B of A Securities changed their price target from $165 to $150 for Garmin Ltd.
When is the next analyst rating going to be posted or updated for Garmin (GRMN)?
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 May 22, 2024 so you should expect the next rating to be made available sometime around May 22, 2025.
Is the Analyst Rating Garmin (GRMN) correct?
While ratings are subjective and will change, the latest Garmin (GRMN) rating was a downgraded with a price target of $165.00 to $150.00. The current price Garmin (GRMN) is trading at is $172.73, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.