JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Garmin (NYSE:GRMN) Stock

Garmin (NYSE:GRMN) had its target price hoisted by analysts at JPMorgan Chase & Co. from $250.00 to $265.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 6.58% from the stock’s current price.

A number of other research firms also recently weighed in on GRMN. Longbow Research upgraded Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Wednesday, December 3rd. Tigress Financial reissued a “strong-buy” rating on shares of Garmin in a research note on Friday, December 19th. Barclays set a $240.00 target price on shares of Garmin in a report on Thursday. Morgan Stanley upped their target price on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.00.

Garmin Trading Up 3.7%

NYSE:GRMN opened at $248.65 on Thursday. The stock’s 50-day moving average is $208.76 and its 200-day moving average is $220.62. Garmin has a 1-year low of $169.26 and a 1-year high of $261.69. The stock has a market cap of $47.86 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00.

Garmin (NYSE:GRMN) last issued its quarterly earnings data on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.40. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $2.41 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, equities analysts forecast that Garmin will post 7.8 EPS for the current year.

Insider Transactions at Garmin

In other Garmin news, Director Sean Biddlecombe sold 1,071 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $240.76, for a total transaction of $257,853.96. Following the transaction, the director owned 7,884 shares in the company, valued at approximately $1,898,151.84. This represents a 11.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Patrick Desbois sold 3,678 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $210.40, for a total transaction of $773,851.20. Following the completion of the transaction, the chief operating officer directly owned 61,798 shares in the company, valued at $13,002,299.20. This trade represents a 5.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,144 shares of company stock valued at $3,798,628 over the last ninety days. Company insiders own 15.38% of the company’s stock.

Hedge Funds Weigh In On Garmin

Several large investors have recently added to or reduced their stakes in GRMN. Andra AP fonden boosted its stake in shares of Garmin by 87.2% in the 2nd quarter. Andra AP fonden now owns 67,000 shares of the scientific and technical instruments company’s stock worth $13,984,000 after buying an additional 31,200 shares during the last quarter. Penserra Capital Management LLC grew its stake in Garmin by 43.4% in the 3rd quarter. Penserra Capital Management LLC now owns 22,496 shares of the scientific and technical instruments company’s stock valued at $5,538,000 after purchasing an additional 6,806 shares during the period. First Horizon Advisors Inc. grew its stake in Garmin by 4.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 121,552 shares of the scientific and technical instruments company’s stock valued at $25,370,000 after purchasing an additional 4,943 shares during the period. EFG Asset Management Americas Corp. increased its position in shares of Garmin by 34.1% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 10,455 shares of the scientific and technical instruments company’s stock valued at $2,182,000 after purchasing an additional 2,659 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Garmin by 25.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,584 shares of the scientific and technical instruments company’s stock valued at $5,314,000 after buying an additional 4,437 shares during the period. Institutional investors own 81.60% of the company’s stock.

More Garmin News

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q4 results beat expectations — Garmin reported record Q4 revenue (~$2.12B) and pro forma EPS of $2.79, with strong double‑digit growth in Fitness, Aviation and Marine; management issued above‑consensus FY‑2026 guidance. Garmin’s Q4 Earnings Surpass Estimates
• Positive Sentiment: Capital returns boosted — company proposed a ~17% raise to the quarterly dividend and authorized a new $500M share‑repurchase program, improving shareholder yield and reducing float. Garmin Jumps on Guidance, Then Doubles Down on Buybacks and a Bigger Dividend
• Positive Sentiment: Upgrades and positive coverage — Zacks moved Garmin to a Rank #2 (Buy) and several outlets highlighted the company as a steady-growth name, supporting near‑term demand for the shares. All You Need to Know About Garmin (GRMN) Rating Upgrade to Buy
• Positive Sentiment: Additional analyst support — Morgan Stanley and other outlets published upgrades/comments after the results, and JPMorgan raised its price target (to $265), adding institutional credibility. Morgan Stanley upgrades Garmin (GRMN)
• Neutral Sentiment: Valuation considerations — coverage notes that Garmin now trades at a premium to the market (~mid‑20s P/E) after the move; some analysts still stress valuation even as growth outlook improves. Assessing Garmin (GRMN) Valuation After Earnings
• Negative Sentiment: Insider selling noted — data aggregators show insider sales in recent months, which some investors watch as a cautionary signal even amid strong company results. QuiverQuant analysis & insider activity

About Garmin

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.