Arete starts coverage with USD 335 target for Garmin stock

Published on 10/26/2026 at 16:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Garmin reports results on October 28, 2026. Garmin stock costs EUR 261.70 on October 26, 2026, 1.39 percent below Xetra close.

Analyst view and reporting date

On October 14, 2026, Arete Research began coverage with a USD 335.00 target.
Garmin's fiscal 2026 revenue outlook stands at USD 8.05 billion.
Garmin stock costs EUR 261.70 at Lang & Schwarz on October 26, 2026 at 4:00 p.m. CEST, 1.39 percent below the Xetra close of October 23, 2026.
Garmin is scheduled to report third-quarter 2026 results on October 28, 2026.

Garmin Ltd., CH0114405324, Illustration mit AI erstellt.

Garmin Ltd. (ISIN CH0114405324) has a USD 335.00 price target from Arete Research, which began coverage with a Buy rating on October 14, 2026. The target is 14.39 percent above Garmin's USD 292.85 NYSE price at 11:02 a.m. EDT on October 26. Garmin was trading at EUR 261.70 at Lang & Schwarz on October 26, 2026 at 4:00 p.m. CEST, down 1.39 percent versus the Xetra close of October 23, 2026 at EUR 265.40.

Arete puts valuation in focus

MarketScreener reported that Arete Research initiated coverage with a Buy rating and a USD 335.00 target. The research view gives the upcoming earnings release a clear test: Garmin must support a valuation already reflected in a 30.16 trailing price-to-earnings ratio as of October 26.

Guidance points to USD 8.05 billion

Garmin raised its fiscal 2026 revenue forecast to USD 8.05 billion from USD 7.90 billion on July 29, 2026, according to Yahoo Finance. The same report said operating margin reached 30.40 percent in the quarter ended June, compared with 26.00 percent a year earlier, while a USD 21.00 million tariff refund supported the result.

Stock sits below its yearly high

Garmin's USD 292.85 NYSE price on October 26 stood between its USD 186.67 and USD 314.28 52-week range. The stock was up 44.81 percent since the start of the year in the October 23 market snapshot, while market capitalization was USD 56.5 billion and volume reached 114,560 shares on October 26.

Results arrive October 28

Garmin is scheduled to release third-quarter 2026 results before the market opens on October 28, 2026, with the earnings call set for 10:30 a.m. EDT, according to Zacks. Its consensus calls for USD 2.38 adjusted earnings per share and USD 1.98 billion in revenue, including USD 728.60 million from Fitness and USD 545.70 million from Outdoor. Auto OEM revenue is expected at USD 158.10 million, down 4.20 percent year over year.

Upcoming results set the next test

The October 28 release will show whether Garmin can sustain the growth embedded in its raised annual forecast while keeping margin above the 30.00 percent level reached in the June quarter. The further course of trading is shown by the continuously updated real-time quote of Garmin stock.