Update shared on05 Oct 2025
Fair value Increased 1.55%Garmin's analyst price target has been raised modestly from $215 to approximately $218.33 per share. This adjustment reflects analysts' outlook for continued revenue growth and resilience in its core business segments.
Analyst Commentary
Recent price target adjustments for Garmin highlight both optimism and caution among Wall Street analysts. The views focus on the company's execution, growth prospects, and risks tied to its core business segments.
Bullish Takeaways- Bullish analysts believe Garmin is set to benefit from accelerating revenue growth, especially driven by ongoing strength in fitness and smart wearables.
- The company continues to execute well, delivering better-than-expected quarterly results and improving margins.
- Recent raised price targets reflect the potential for significant total returns, with some analysts citing more than 25% upside from current levels.
- Analysts highlight the resilience and innovation of Garmin's core businesses, which supports a positive long-term outlook.
- Some analysts maintain a more cautious stance and express concerns that strength in the fitness and outdoor segments may not persist throughout the year.
- Despite modest price target increases, certain analysts retain Underweight or Underperform ratings because of uncertainty in the second half outlook.
- There are concerns that raised guidance for 2025 sales may be offset by earnings forecasts, which imply a more challenging performance in the latter part of the year.
What's in the News
- Garmin introduced the eTrex Touch, a rugged GPS handheld navigator with a high-resolution touchscreen, preloaded TopoActive maps, and up to 130 hours of battery life. (Key Developments)
- The company launched the Descent X30, an eco-friendly, large-format dive computer featuring recycled ocean-bound plastics and advanced dive metrics. (Key Developments)
- Garmin and Noonan partnered to integrate Garmin Golf launch monitor data into the Noonan digital caddie platform, delivering data-driven strategy to golfers. (Key Developments)
- A strategic collaboration was announced with Meta to deliver real-time voice-activated training insights to Oakley Meta Vanguard AI glasses for athletes. (Key Developments)
- Garmin released Bounce 2, an LTE-connected smartwatch for kids, featuring two-way calling, text messaging, real-time location tracking, and parent-friendly safety features. (Key Developments)
Valuation Changes
- Fair Value Estimate has risen slightly from $215 to approximately $218.33 per share.
- Discount Rate increased marginally, moving from 7.72% to 7.73%.
- Revenue Growth projection remains unchanged and is holding steady at 8.16% annually.
- Net Profit Margin forecast is stable and maintains a level of approximately 21.39%.
- Future P/E ratio has increased modestly from 28.35x to 28.80x.
Disclaimer
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