Garmin Ltd. (GRMN) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Hold
Based on 28 analysts8.8% Below Target
GRMN trades 8.8% below Wall Street's consensus target of $270.67.
Current Price$248.68
Average Target$270.67
Target
Current
Low$238.00
Median$249.00
High$325.00
Analyst Target Range
Forward P/E25.8x
(Growth Premium)
PEG Ratio2.41
(Pricey)
Implied Growth+7.5%
(Low)
Analyst Spread32.1%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes GRMN achieves its forward estimates and maintains a stable P/E multiple of 25.8x. This scenario reflects the blended consensus of 28 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
GRMN Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Garmin Ltd. (GRMN) has a Wall Street consensus price target of $270.67, based on estimates from 28 covering analysts. With the stock currently trading at $248.68, this represents a potential upside of +8.8%. The company has a market capitalization of $47.96B.
Analyst price targets range from a low of $238.00 to a high of $325.00, representing a 32% spread in expectations. The median target of $249.00 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Hold, with 6 analysts rating the stock as a Buy or Strong Buy,20 rating it Hold, and 2 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, GRMN trades at a trailing P/E of 28.9x and forward P/E of 25.8x. The forward PEG ratio of 2.41 reflects a premium valuation. Analysts expect EPS to grow +7.5% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $286.42, with bear and bull scenarios of $180.45 and $377.39 respectively. Model confidence stands at 53/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+81.5%
Industry Consensus
Avg Forward P/E
30.7x
(Growth Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 FOSLFossil Group, Inc. | $243M | $4.12 | $7.00 | +69.9% | Hold | — | 36 |
 SONOSonos, Inc. | $1.7B | $14.10 | $19.50 | +38.3% | Buy | 36.2x | 9 |
 GPROGoPro, Inc. | $120M | $0.70 | $5.00 | +613.3% | Hold | 14.0x | 28 |
 POWIPower Integrations, Inc. | $3.7B | $66.83 | $90.00 | +34.7% | Buy | 50.1x | 16 |
 AAPLApple Inc. | $4.6T | $310.66 | $327.00 | +5.3% | Buy | 35.5x | 111 |
 FITBFifth Third Bancorp | $52.5B | $57.92 | $57.50 | -0.7% | Buy | 18.9x | 51 |
 QCOMQUALCOMM Incorporated | $192.9B | $182.97 | $218.50 | +19.4% | Hold | 17.0x | 69 |
 SWKSSkyworks Solutions, Inc. | $9.9B | $65.93 | $73.10 | +10.9% | Buy | 13.2x | 60 |
 TXNTexas Instruments Incorporated | $267.0B | $293.30 | $281.56 | -4.0% | Buy | 38.1x | 65 |
 MCHPMicrochip Technology Incorporated | $45.6B | $84.15 | $107.82 | +28.1% | Buy | 53.7x | 46 |
GRMN — Frequently Asked Questions
Quick answers to the most common questions about buying GRMN stock.
What is the GRMN stock price target for 2026?
The consensus price target for GRMN is $270.67, close to the current price of $248.68 (8.8% implied move). Based on 28 analyst estimates, the stock appears fairly valued near current levels.
Is GRMN a buy, sell, or hold?
GRMN has a consensus rating of "Hold" based on 28 Wall Street analysts. The rating breakdown is mixed, with 20 Hold ratings making up the largest segment. The consensus 12-month price target of $270.67 implies 8.8% upside from current levels.
Is GRMN stock overvalued or undervalued?
GRMN trades at a forward P/E of 25.7924x, representing a moderate valuation. With analysts targeting $270.67 (8.8% implied move), the stock appears reasonably valued with upside.
How high can GRMN stock go?
The most bullish Wall Street analyst has a price target of $325 for GRMN, while the most conservative target is $238. The consensus of $270.67 represents the median expectation. Our quantitative valuation model projects a bull case target of $377 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover GRMN stock?
GRMN is heavily covered by Wall Street, with 28 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 5 have Buy ratings, 20 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the GRMN stock forecast?
The 12-month GRMN stock forecast based on 28 Wall Street analysts shows a consensus price target of $270.67, with estimates ranging from $238 (bear case) to $325 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $286, with bear/bull scenarios of $180/$377.
What is GRMN's fair value based on fundamentals?
Our quantitative valuation model calculates GRMN's fair value at $286 (base case), with a bear case of $180 and bull case of $377. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 53/100.
What is GRMN's forward P/E ratio?
GRMN trades at a forward P/E ratio of 25.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 28.9x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy GRMN stock?
GRMN appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $270.67 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do GRMN price targets vary so much?
GRMN analyst price targets range from $238 to $325, a 32% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $270.67 consensus represents the middle ground. Our model's $180-$377 range provides an independent fundamental perspective.
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