Garmin stock fell 2.21 percent despite a USD 370 target
Published on 10/07/2026 at 13:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Garmin Ltd. (ISIN CH0114405324) was last at USD 279.21 on the NYSE on October 6, 2026, down 2.21 percent from the prior session. The decline came as the latest analyst view lifted a target to USD 370, keeping valuation and execution in the spotlight for the next results date.
Analyst target reaches USD 370
In an October 5, 2026 update, Simply Wall St reported that Tigress Financial raised its Garmin price target from USD 325 to USD 370 and maintained a Strong Buy rating. The change gives the target a 32.5 percent premium to the October 6 price.
The broader consensus is less aggressive. MarketBeat lists a Moderate Buy rating based on eight ratings, with an average target of USD 310.17 and coverage from six research reports. That average stands 11.1 percent above the October 6 price, while the USD 370 target shows how widely valuation views can diverge.
Q2 revenue rose 11.4 percent
Garmin's Q2 2026 revenue reached USD 2.02 billion, up 11.4 percent from USD 1.81 billion in Q2 2025, while operating income rose 30.3 percent to USD 615.5 million. MarketScreener reported that the operating margin reached 30.4 percent and that Garmin raised full-year revenue guidance to USD 8.05 billion.
The earnings mix matters for the valuation debate. Fitness revenue rose 25 percent in Q2 2026, while Outdoor revenue fell 2 percent, according to FinDog. Garmin also raised pro forma full-year EPS guidance to USD 10.00, making the October report a test of whether wearable growth can offset pressure in weaker categories.
Stock stays below yearly high
Garmin's October 6 market capitalization was USD 53.8 billion, with a 52-week range of USD 186.67 to USD 314.28. The last price was 11.1 percent below the yearly high, leaving the share closer to its upper range than its low despite the latest session decline.
Garmin is scheduled to release its Q3 2026 results before the market opens on October 28, 2026, with the conference call set for 10:30 a.m. ET. The date gives investors a defined checkpoint for revenue, margin and guidance performance.
Garmin stock remains valuation sensitive
Garmin stock was last at USD 279.21 on October 6, 2026, with session volume of 696,944 shares. Its NYSE listing, USD quotation and current market value frame the central question for the next report: whether operating growth can justify the premium implied by the higher analyst targets.
Garmin stock key data
- Company: Garmin Ltd.
- ISIN: CH0114405324
- Ticker: GRMN
- Trading venue: NYSE
- Price (as of October 6, 2026, 4:02 p.m. ET): USD 279.21
- Market capitalization: USD 53.8 billion (as of October 6, 2026)
- 52-week range: USD 186.67-314.28 (as of October 6, 2026)
- Sector / Industry: Consumer Discretionary / Scientific and Technical Instruments
Upcoming dates for Garmin stock
- October 28, 2026: Q3 2026 earnings release and conference call
