Arete starts coverage with Buy rating for Garmin stock at USD 335.00

Published on 10/16/2026 at 09:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Garmin stock costs EUR 253.80 on October 16, 2026 at Lang & Schwarz. Q2 revenue rose 11.4 percent to USD 2.02 billion.

Product launch and earnings date

Arete Research began coverage with a Buy rating and a USD 335.00 price target on October 14, 2026.
Garmin reported USD 2.02 billion in second-quarter 2026 revenue, up 11.4 percent year over year.
Garmin stock was trading at EUR 253.80 at 9:05 a.m. CEST at Lang & Schwarz on October 16, 2026.

SIX-Swiss-Exchange-Handelssaal Zürich mit Händlern, Kurstafel und SMI-Elektroniksektor-Daten — Garmin Ltd. SIX Swiss Exchange Zürich Handelssaal SMI Elektronik-Sektor Kursanzeigen Börsenhändler CH0114405324, Illustration mit AI erstellt.

Garmin Ltd. (ISIN CH0114405324) was trading at EUR 253.80 at Lang & Schwarz at 9:05 a.m. CEST on October 16, 2026. The latest analyst move came from Arete Research, which began coverage with a Buy rating and a USD 335.00 price target on October 14, 2026, according to Markets Insider.

Three events set the backdrop

Garmin's second-quarter 2026 results on July 29 delivered revenue of USD 2.02 billion, up 11.4 percent from the prior-year quarter. Operating income reached USD 615.5 million, while net income attributable to common shareholders was USD 541.9 million, according to Financial Report Insights.

On October 13, Garmin announced the third-generation MARQ collection, a lineup of six luxury tool watches with suggested retail prices starting at USD 2,500, as reported by Yahoo Finance. The same date also brought Garmin's announcement of its 1,000th King Air retrofit with a G1000 integrated flight deck delivered to the U.S. Army, according to StockTitan.

What does the earnings date add?

The next measurable test is Garmin's third-quarter 2026 report, scheduled before the market opens on October 28, 2026. Analysts cited by Yahoo Finance expect diluted earnings per share of USD 2.38 and revenue of USD 1.99 billion for the quarter. That forecast would put revenue above the USD 1.81 billion reported for the comparable quarter in 2025 and keep the product launches tied to a near-term financial checkpoint.

Stock price and company scale

Garmin's primary listing is on the NYSE under ticker GRMN. The stock's primary-market quote was USD 285.22 after hours on October 15, 2026, while its 52-week range was USD 186.67 to USD 314.28 and market capitalization was USD 55.0 billion. The euro indication provides the German investor perspective, while the latest operating figures show why the October 28 report matters for the valuation.

Garmin was trading at EUR 253.80 at Lang & Schwarz on October 16, 2026 at 9:05 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Garmin stock.