Garmin OnBoard Wireless Safety Tech Might Change The Case For Investing In Garmin (GRMN)

• Garmin has announced Garmin OnBoard™, a new wireless Man Overboard detection and engine cutoff system for boaters, integrating with compatible Garmin chartplotters and designed to comply with U.S. federal safety requirements.
• This system enables captains and passengers to move freely without a physical tether, supporting up to eight tags for enhanced safety and convenience on the water.
• We'll explore how the introduction of Garmin OnBoard™ could influence Garmin's investment narrative by expanding its marine technology offering.

These 11 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.

Garmin Investment Narrative Recap

To be a Garmin shareholder, you need to believe in the company's ability to maintain strong product innovation and brand loyalty across multiple technology segments despite rising competition and cost pressures. The launch of Garmin OnBoard™ expands the marine safety portfolio but, given current Marine segment softness, its near-term impact on overall earnings is unlikely to be material, while the segment’s performance remains the key short-term risk for investors to watch. Among Garmin’s recent announcements, the introduction of the rugged eTrex® Touch GPS handheld navigator stands out, underscoring the company’s focus on outdoor technology innovation. While new product momentum is encouraging for future growth catalysts, marine revenue trends and promotion timing still weigh on the business outlook. Yet, investors should be aware that despite these product launches, exposure to weak marine demand could...

Read the full narrative on Garmin (it's free!)

Garmin's outlook anticipates $8.5 billion in revenue and $1.8 billion in earnings by 2028. This reflects a 7.9% annual revenue growth rate and a $0.2 billion increase in earnings from the current $1.6 billion.

Uncover how Garmin's forecasts yield a $218.33 fair value, a 12% downside to its current price.

Exploring Other Perspectives

Seven members of the Simply Wall St Community gave fair value estimates for Garmin ranging from US$75 to US$285 per share, reflecting wide differences in outlook. With Marine segment softness still a risk, you might consider how varying expectations could affect your own view of Garmin’s long-term performance.

Explore 7 other fair value estimates on Garmin - why the stock might be worth less than half the current price!

Build Your Own Garmin Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Garmin research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Garmin research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Garmin's overall financial health at a glance.

No Opportunity In Garmin?

Don't miss your shot at the next 10-bagger. Our latest stock picks just dropped:

• The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 24 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.
• Find companies with promising cash flow potential yet trading below their fair value.
• We've found 18 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com