What is GRMN stock price target for 2026?

WallStSmart's 12-month price target for Garmin Ltd is $241.61, representing 4.5% downside from the current price of $253.08.

What is GRMN stock forecast?

Garmin Ltd forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Is GRMN undervalued based on price targets?

Our DCF intrinsic value for Garmin Ltd is $156.16, against a current price of $253.08. The margin of safety is -32.29%.

GRMN

Garmin Ltd

NYSE: GRMN · TECHNOLOGY · SCIENTIFIC & TECHNICAL INSTRUMENTS

$253.08

+2.13% today

Updated 2026-04-29

Market cap

$50.03B

P/E ratio

30.20

P/S ratio

6.91x

EPS (TTM)

$8.59

Dividend yield

1.38%

52W range

$176 – $273

Volume

0.9M

Market cap

$50.03B

P/E ratio

30.20

P/S ratio

6.91x

EPS (TTM)

$8.59

Dividend yield

1.38%

52W range

$176 – $273

Volume

0.9M

Garmin Ltd (GRMN) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$253.08

Consensus

$252.40

-0.27%

2030 Target

$736.72

+191.10%

DCF

$156.16

-32.29% MoS

Current price

$253.08

Analyst consensus

$252.40

-0.27%

2030 Target

$736.72

+191.10%

Intrinsic (DCF)

$156.16

-32.29% MoS

6 analysts:

2 Buy3 Hold3 Sell

Management guidance

Garmin management forecasted strong 2026 results with record revenue momentum driven by wearables demand. Q4 2025 showed 16.6% YoY revenue growth to $2.12B, with management guiding to continued upbeat annual results. No specific multi-year revenue targets were disclosed in available guidance, but management emphasized sustained strength in high-end wearables and outdoor segments.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$1,212.01

$11.7B Rev × 20x P/S

Base case (2030)

$736.72

$11.7B Rev × 12x P/S

Bear case (2030)

$475.30

$11.7B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$5.2B	$6.3B	$7.2B	$8.1B	$8.8B	$9.7B	$10.7B	$11.7B
Revenue growth	—	20.4%	15.1%	12.2%	8.8%	9.5%	10.0%	10.0%
EPS	$5.60	$7.40	$8.56	$9.57	$10.37	$11.40	$12.55	$13.80
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$499.07	$546.60	$594.13	$665.42	$736.72

Catalysts & risks

Growth catalysts

+ Strong wearables demand (Fenix 7 series, premium multisport GPS watches driving high margins)

+ FDA-cleared Natural Cycles fertility tracking integration expanding health platform capabilities

+ Q1 2026 earnings call April 29 with potential for raised full-year guidance

+ Continued institutional inflows and share buyback/dividend expansion programs

+ International expansion and WhatsApp integration on smartwatches

Key risks

- Consumer discretionary spending pullback in recession scenarios

- Intense competition from Apple Watch and Whoop (just raised $575M at $10.1B valuation)

- Significant insider selling (CEO sold $5M+, insiders sold ~$11M recently despite 19.54% ownership)

- Valuation stretched at 27.7x P/E with P/S of 6.45 above sector average

- China exposure and geopolitical supply chain risks in GPS/wearables manufacturing

Methodology

Garmin Ltd's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 6 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.