Garmin Ltd. experienced a price drop of 5.00% as it crossed below its 5-day SMA, reflecting broader market weakness with the Nasdaq-100 down 1.89% and the S&P 500 down 1.88%.
Despite this decline, Barclays upgraded Garmin from Underweight to Equal Weight, raising the price target from $208 to $217. Analysts expressed optimism about Garmin's diversified business model and strong performance in the wearables sector, which is expected to be less affected by consumer spending contractions. This positive outlook contrasts with the overall market sentiment, indicating potential resilience for Garmin.
The upgrade from Barclays may provide a buffer against the current market pressures, suggesting that Garmin's strategic positioning in the wearables market could lead to recovery in its stock performance.
Wall Street analysts forecast GRMN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GRMN is 229.60 USD with a low forecast of 185.00 USD and a high forecast of 310.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
Wall Street analysts forecast GRMN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GRMN is 229.60 USD with a low forecast of 185.00 USD and a high forecast of 310.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
2 Hold
3 Sell
Hold
Current: 204.480
Low
185.00
Averages
229.60
High
310.00
Current: 204.480
Low
185.00
Averages
229.60
High
310.00
Barclays
Underweight -> Equal Weight
upgrade
$208 -> $217
2026-01-16
Reason
Barclays
Price Target
$208 -> $217
AI Analysis
2026-01-16
upgrade
Underweight -> Equal Weight
Reason
Barclays upgraded Garmin to Equal Weight from Underweight with a price target of $217, up from $208. The firm is more positive on Garmin citing the stock's "undemanding" valuation, the company's business diversification, and continued strength in the wearables business "that continues to benefit from positive secular trends around wellness."
Tigress Financial
Strong Buy
maintain
$305 -> $310
2025-12-19
Reason
Tigress Financial
Price Target
$305 -> $310
2025-12-19
maintain
Strong Buy
Reason
Tigress Financial raised the firm's price target on Garmin to $310 from $305 and keeps a Strong Buy rating on the shares on the view of wearables and outdoor devices driving outsized expansion, while aviation and marine add high-margin stability. The firm notes that its 12-month price target represents a potential total return of over 55% from current levels, including dividends.
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Longbow
David MacGregor
Neutral
to
Buy
upgrade
$250
2025-12-03
Reason
Longbow
David MacGregor
Price Target
$250
2025-12-03
upgrade
Neutral
to
Buy
Reason
Longbow analyst David MacGregor upgraded Garmin to Buy from Neutral with a $250 price target. The says the recent 25% selloff in the shares is an overreaction to the prospect of the company's 2026 revenue growth being hurt by a revenue gap in the automotive business in the first half of 2026. Garmin will post "another year of impressive growth" in 2026, the analyst tells investors in a research note. Longbow sees a good entry point at current levels.
Barclays
Underweight
maintain
$167 -> $208
2025-10-30
Reason
Barclays
Price Target
$167 -> $208
2025-10-30
maintain
Underweight
Reason
Barclays raised the firm's price target on Garmin to $208 from $167 and keeps an Underweight rating on the shares following the Q3 beat. The company's Fitness, Aviation and Marine segments continued to surprise to the upside while Outdoor disappointed, the analyst tells investors in a research note. Barclays believes Garmin's visibility remains challenging across the Fitness and Outdoor verticals.
About GRMN
Garmin Ltd. (Garmin) is a Switzerland-based entity. The Company and its subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments: fitness, outdoor, aviation, marine and auto. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. Garmin offers various products designed for use in fitness and activity tracking. Company’s aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles, and unmanned aerial vehicles. Company operates worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
