JPMorgan cuts target for Garrett Motion stock from USD 37 to USD 35

Published on 10/02/2026 at 05:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 976.0 million, up 6.9 percent year over year. Garrett Motion stock had a prior close of EUR 23.40 on September 30, 2026.

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Garrett Motion (US3665051054) had its target cut by JPMorgan from USD 37.00 to USD 35.00 on September 15, 2026, as MarketBeat reported. JPMorgan retained an overweight rating, putting the stock in a mixed analyst picture despite improved operating results.

Target cut meets stronger results

The target reduction followed Garrett Motion's second-quarter 2026 report, which showed USD 976.0 million in revenue, up 6.9 percent from the year-earlier quarter. According to Garrett Motion on July 29, 2026, net income reached USD 101.0 million and net income margin was 10.3 percent.

Earnings per share came to USD 0.53, compared with USD 0.46 expected by analysts, according to MarketBeat. The USD 0.07 difference represented a 15.22 percent earnings-per-share beat against the consensus figure.

Higher outlook supports margins

Garrett also raised its 2026 outlook in the July 29 release. The company guided to net sales of USD 3.7 billion to USD 3.9 billion, compared with a previous range of USD 3.6 billion to USD 3.9 billion.

Adjusted EBIT reached a record USD 152.0 million in the second quarter, equal to a 15.6 percent adjusted EBIT margin, according to Garrett Motion. The updated full-year adjusted EBIT range is USD 560.0 million to USD 600.0 million, while adjusted free cash flow is expected at USD 385.0 million to USD 475.0 million.

Stock range keeps risk visible

Garrett Motion's latest valid Lang & Schwarz reference is the prior close of EUR 23.40 on September 30, 2026. The Nasdaq-listed stock was last quoted at USD 26.25 on October 1, 2026 at 4:00 p.m. ET, with a market capitalization of USD 4.9 billion and a 52-week range of USD 12.26 to USD 36.25.

The analyst split remains constructive but less uniform than the operating figures. MarketBeat reported five buy ratings and two hold ratings on September 10, 2026, with an average target of USD 38.60. The gap between JPMorgan's revised USD 35.00 target and the broader average makes the updated earnings outlook the key number for assessing the stock's valuation.