Arete starts coverage with a USD 335 target for Garmin stock

Published on 10/21/2026 at 09:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 2.02 billion, up 11.40 percent. Garmin stock costs EUR 258.70 on October 21, 2026, 0.51 percent above Xetra close.

Growth and dates guide Garmin

Arete Research began coverage with a Buy rating on October 14, 2026.
Second-quarter revenue reached USD 2.02 billion, up 11.40 percent year over year.
Garmin stock was trading at EUR 258.70 at 9:20 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.51 percent above the Xetra close of October 20, 2026.
Garmin's next earnings release is scheduled for October 28, 2026, before market open.

GPS-Gerät am Fahrradlenker vor alpiner Berglandschaft bei Sonnenuntergang ohne Markenzeichen — Garmin Ltd. GPS-Navigationsgerät am Fahrradlenker auf alpinem Bergpfad bei Sonnenuntergang ISIN CH0114405324, Illustration mit AI erstellt.

Garmin Ltd. (ISIN CH0114405324) was trading at EUR 258.70 at Lang & Schwarz on October 21, 2026, at 9:20 a.m. CEST, 0.51 percent above the Xetra close of October 20, 2026 at EUR 257.40. The immediate company catalyst is a new analyst call: MarketBeat reported on October 14, 2026 that Arete Research began coverage with a Buy rating and a USD 335.00 price target.

Three dates show the build-up

Garmin's recent sequence combines strong reported figures with a clear earnings calendar. On July 30, 2026, the company reported second-quarter revenue of USD 2.02 billion, up 11.40 percent year over year, while earnings per share reached USD 2.81 against a USD 2.30 consensus estimate, according to MarketBeat. Garmin scheduled its third-quarter release and call for October 28, 2026 in a September 23, 2026 release. Arete Research then initiated coverage on October 14, 2026 with the USD 335.00 target.

What does growth mean for Garmin?

The second-quarter revenue figure exceeded the USD 1.93 billion consensus by USD 90.00 million, a 4.66 percent premium based on the reported figures. The result gives the upcoming report a demanding comparison base, while the latest analyst target places the focus on whether Garmin can extend its recent operating performance.

Next reporting date is October 28

Garmin said on September 23, 2026 that its third-quarter earnings release will arrive before market open on October 28, 2026, followed by a conference call at 10:30 a.m. EDT. MarketBeat lists consensus expectations of USD 2.41 earnings per share and USD 1.99 billion in revenue for the quarter.

Garmin valuation remains elevated

Garmin's market capitalization was USD 56.0 billion as of October 20, 2026. On the NYSE, its 52-week range was USD 186.67 to USD 314.28 on that date, putting the current primary-market reference below the yearly high while the euro indication remains only modestly above its Xetra base.

Garmin stock was trading at EUR 258.70 at Lang & Schwarz on October 21, 2026, at 9:20 a.m. CEST, plus 0.51 percent versus the Xetra close of October 20, 2026 at EUR 257.40. The further course of trading is shown by the continuously updated real-time quote of Garmin stock.