Arete starts coverage of Garmin stock with a USD 335.00 target

Published on 10/22/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Arete Research began coverage with a USD 335.00 target on October 14, 2026. Garmin stock trades at EUR 258.10 on October 22, 2026.

Coverage, results and next date

Arete Research began coverage with a USD 335.00 target on October 14, 2026.
Garmin reported USD 2.02 billion in second-quarter 2026 revenue, up 11.40 percent year over year.
Garmin stock trades at EUR 258.10 at 9:09 a.m. CEST at Lang & Schwarz on October 22, 2026.
Garmin will release third-quarter 2026 results on October 28, 2026.

Draufsicht auf Aktienzertifikat CH0114405324 mit GPS-Gerät, Smartwatch, Kompass auf Schieferplatte — Garmin Ltd. Flatlay Aktienzertifikat ISIN CH0114405324 GPS-Gerät Smartwatch Kompass Elektronik-Arrangement Draufsicht Schiefer, Illustration mit AI erstellt.

Garmin Ltd. (ISIN CH0114405324) traded at EUR 258.10 at Lang & Schwarz at 9:09 a.m. CEST on October 22, 2026. The latest analyst catalyst came on October 14, when Arete Research began coverage with a buy rating and a USD 335.00 price target, according to MarketBeat.

Analyst interest meets strong results

The target arrived after Garmin's second-quarter performance exceeded consensus. Revenue reached USD 2.02 billion in the quarter ended June 27, 2026, up 11.40 percent from the prior-year period, while diluted earnings per share came to USD 2.80. The figures are reported in Garmin's standardized financial statements for second-quarter 2026.

MarketBeat said the prior quarter delivered USD 2.81 in earnings per share against a USD 2.30 consensus estimate, while revenue exceeded the USD 1.93 billion forecast by reaching USD 2.02 billion. That comparison gives the upcoming report a clear numerical benchmark.

What matters before October 28?

Garmin's next test is whether third-quarter demand can maintain the pace set by Fitness and the wider connected-device portfolio. The same MarketBeat report cited forecasts of USD 2.41 earnings per share and USD 1.99 billion in revenue for the third quarter. Those estimates sit below second-quarter revenue but above the comparable earnings benchmark from the prior year.

Three dates frame the stock

On July 30, 2026, Garmin reported USD 2.02 billion in second-quarter revenue and USD 2.81 in adjusted earnings per share, according to MarketBeat. On October 14, 2026, Arete Research initiated coverage with a USD 335.00 target. On October 21, 2026, the earnings outlook placed USD 2.41 per share and USD 1.99 billion of revenue ahead of the next report.

Next reporting date

Garmin will release third-quarter 2026 results before the NYSE open on October 28, 2026, followed by an earnings call at 10:30 a.m. EDT, according to the company's Garmin newsroom. The release will show whether the second-quarter revenue and margin profile carried into the next period.

Garmin stock stays tied to execution

Garmin's market value was USD 56.1 billion as of October 21, 2026, while its 52-week range was USD 186.67 to USD 314.28. The NYSE quote stood at USD 291.13 at 4:00 p.m. ET on October 21, 2026, keeping the stock below its yearly high and leaving the October 28 report as the next material test. The stock was trading at EUR 258.10 at Lang & Schwarz on October 22, 2026 at 9:09 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Garmin stock.