83/100BGarmin stock forecast 2026–2030
Analysts' average 12-month price target for Garmin is 320.40, 12.1% above the current price of 285.78. Their targets range from 277.00 to 370.00.
Of the 5 firms that rated Garmin in the past 12 months, 2 rate it buy or strong buy, 3 hold and 0 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 277.00 to 370.00, with an average of 320.40.
| Strong buy | 1 | |
| Buy | 1 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 370.00 |
| Average target | 320.40 |
| Lowest target | 277.00 |
| Current price | 285.78 |
Garmin price target history
Have analysts recently raised or lowered their Garmin price target and rating?
How analysts rate Garmin, month by month
2 of 5 firms rate it buy now, against 2 of 5 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Garmin analyst upgrades, downgrades and price targets
The latest rating change came on 19 February 2026, when Morgan Stanley upgraded Garmin from Underweight to Equal Weight. Its price target is 252.00, from 193.00. The most recent new target came from Morgan Stanley on 29 October 2026: 295.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 29 Oct 2026 | Morgan Stanley | Reiterated · Equal Weight | 289.00 → 295.00 | +2.1% | 277.89 |
| 29 Oct 2026 | Barclays | Reiterated · Equal Weight | 297.00 → 277.00 | -6.7% | 272.51 |
| 14 Oct 2026 | Arete Research Richard Kramer | — | 335.00 | — | 276.41 |
| 6 Aug 2026 | UBS | — | 370.00 | — | 301.94 |
| 30 Jul 2026 | Morgan Stanley | Reiterated · Equal Weight | 249.00 → 289.00 | +16.1% | 291.65 |
| 30 Jul 2026 | Barclays Tim Long | Reiterated · Equal Weight | 238.00 → 297.00 | +24.8% | 294.83 |
| 20 May 2026 | Tigress Financial | Reiterated · Strong Buy | 320.00 → 325.00 | +1.6% | 237.45 |
| 30 Apr 2026 | Morgan Stanley | — | 252.00 → 249.00 | -1.2% | 250.60 |
| 30 Apr 2026 | Barclays | Reiterated · Equal Weight | 240.00 → 238.00 | -0.8% | 253.08 |
| 20 Feb 2026 | Tigress Financial | Reiterated · Strong Buy | 310.00 → 320.00 | +3.2% | 242.46 |
| 19 Feb 2026 | Barclays | — | 217.00 → 240.00 | +10.6% | 237.46 |
| 19 Feb 2026 | Morgan Stanley Erik Woodring | Upgraded · Underweight → Equal Weight | 193.00 → 252.00 | +30.6% | 237.46 |
| 16 Jan 2026 | Barclays | Upgraded · Underweight → Equal Weight | 208.00 → 217.00 | +4.3% | 212.60 |
| 19 Dec 2025 | Tigress Financial | Reiterated · Strong Buy | 305.00 → 310.00 | +1.6% | 202.75 |
| 3 Dec 2025 | Longbow Research | Upgraded · Neutral → Buy | — | — | — |
Garmin EPS and revenue estimates
Analysts expect Garmin's EPS to grow 15.0% a year until 2028. Over the last 5 years it grew 10.7% a year, and over the last 3 years 19.5%.
Analysts expect Garmin's revenue to grow 12.3% a year until 2028, about as fast as over the last 5 years (11.6% a year) and the last 3 years (14.2%).
Revenue
EPS
Does Garmin beat earnings estimates?
On average, analysts' EPS estimate was 18.5% off the result, either way, and their revenue estimate 4.9%, over the last 12 quarters.
- EPS beats
- 82 / 104
- Revenue beats
- 84 / 104
- Average EPS surprise, last 12
- +17.9%
- Since
- February 2001
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 28 Oct 2026 | 2.41 | 2.76 | +14.5% | 1.99B | 1.99B | -0.1% |
| Q2 FY2026 | 29 Jul 2026 | 2.30 | 2.81 | +22.2% | 1.93B | 2.02B | +5.0% |
| Q1 FY2026 | 29 Apr 2026 | 1.84 | 2.08 | +13.0% | 1.72B | 1.75B | +1.7% |
| Q4 FY2025 | 18 Feb 2026 | 2.40 | 2.79 | +16.3% | 2.02B | 2.12B | +5.3% |
| Q3 FY2025 | 29 Oct 2025 | 1.99 | 1.99 | 0.0% | 1.78B | 1.77B | -0.6% |
| Q2 FY2025 | 30 Jul 2025 | 1.90 | 2.17 | +14.2% | 1.70B | 1.81B | +6.7% |
| Q1 FY2025 | 30 Apr 2025 | 1.67 | 1.61 | -3.6% | 1.52B | 1.54B | +0.7% |
| Q4 FY2024 | 19 Feb 2025 | 1.90 | 2.41 | +26.8% | 1.70B | 1.82B | +7.3% |
| Q3 FY2024 | 30 Oct 2024 | 1.44 | 1.99 | +38.2% | 1.44B | 1.59B | +9.8% |
| Q2 FY2024 | 31 Jul 2024 | 1.44 | 1.58 | +9.7% | 1.42B | 1.51B | +5.8% |
| Q1 FY2024 | 1 May 2024 | 1.01 | 1.42 | +40.6% | 1.25B | 1.38B | +10.5% |
| Q4 FY2023 | 21 Feb 2024 | 1.40 | 1.72 | +22.9% | 1.41B | 1.48B | +4.8% |
Garmin stock price 2026–2030: scenarios
If Garmin's earnings keep growing at the 15.1% a year analysts expect to FY2028, it would earn about 17.31 a share in FY2030. At the P/E it has traded at over the last five years (18.2 to 28.5) that is 315.73 to 493.07 a share, or 393.78 at its average P/E of 22.7. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 10.74 | 195.94 | 244.37 | 306.00 |
| FY2027 | 11.49 | 209.62 | 261.43 | 327.36 |
| FY2028 | 13.06 | 238.22 | 297.11 | 372.03 |
| FY2029 (extrapolated) | 15.04 | 274.25 | 342.04 | 428.30 |
| FY2030 (extrapolated) | 17.31 | 315.73 | 393.78 | 493.07 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 15.1% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (18.2, 22.7, 28.5).
Is Garmin stock undervalued or overvalued?
Garmin's P/E of 27.3 is near the top of its 5-year range (14.9 to 32.9, median 23.1). Analysts do not expect faster growth than in recent years, so it is expensive compared with its own history. Buyers pay about the usual price for each point of growth: a PEG of 1.8 on expected growth against 2.2 on its median P/E and past five years' growth. At its usual P/E (24.7 × EPS of 10.47), Garmin's fair value is 258.23; the price, 285.78, is 10.7% above it. Its forward P/E, on the consensus for FY2026, is 26.6.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (14.9 and 32.9). The price against its P/E range
- Price to earnings ratio (TTM)
- 27.29
- Five-year median P/E
- 23.07
- Five-year P/E range
- 14.9 – 32.9
- Forward P/E (FY2026)
- 26.60
- PEG ratio
- 1.80
- To the average target
- +12.1%
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