Arete starts Garmin coverage at Buy with USD 335 target for Garmin stock

Published on 10/27/2026 at 10:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Garmin's second-quarter revenue rose 11.40 percent to USD 2.02 billion. Garmin stock traded at EUR 263.75 on October 27, 2026.

Analyst view and reporting dates

Arete Research initiated coverage with a Buy rating and a USD 335.00 target on October 14, 2026.
Garmin reported USD 2.02 billion in second-quarter 2026 revenue and USD 2.80 diluted earnings per share.
Garmin stock traded at EUR 263.75 at 10:32 a.m. CEST at Lang & Schwarz on October 27, 2026.

Garmin Ltd., CH0114405324, Illustration mit AI erstellt.

Garmin Ltd. (ISIN CH0114405324) traded at EUR 263.75 at Lang & Schwarz at 10:32 a.m. CEST on October 27, 2026. The immediate catalyst is the company's scheduled third-quarter report, while Arete Research had started coverage with a Buy rating and a USD 335.00 price target on October 14, 2026, as reported by Transcript Daily.

Analyst target sets a benchmark

Arete's target is above the latest U.S. market quote of USD 292.92 on October 26, 2026, implying 14.36 percent upside from that dollar reference. The target is one of several recent views: the same report listed Morgan Stanley's USD 289.00 target and UBS Group's USD 370.00 objective, while MarketBeat reported a consensus target of USD 313.71.

That spread matters because Garmin enters the report with a high expectation bar. Yahoo Finance said management raised fiscal 2026 revenue guidance to USD 8.05 billion from USD 7.90 billion on July 29, 2026, and lifted adjusted earnings-per-share guidance to about USD 10.00 from USD 9.65.

Three dates frame the stock

On July 29, 2026, Garmin reported second-quarter revenue of USD 2.02 billion and diluted earnings per share of USD 2.80. On October 14, 2026, Arete Research initiated coverage with a USD 335.00 target. On October 28, 2026, Garmin is scheduled to report third-quarter results, with analysts expecting USD 1.99 billion in revenue and USD 2.41 in earnings per share, according to MarketBeat.

What does the margin mean?

The second-quarter operating margin reached 30.00 percent, up from 25.00 percent in the first quarter of 2026, while operating profit rose to USD 615.51 million from USD 431.67 million. The improvement gives the upcoming release a clear test: revenue growth must continue while Garmin protects the profitability that supports its raised full-year outlook.

When are the next reports?

The next scheduled event is the third-quarter 2026 release on October 28, 2026, before the U.S. market opens, followed by a conference call at 10:30 a.m. ET, according to Barrons. The next full-year results are scheduled for February 24, 2027.

Stock valuation meets execution

Garmin's latest quarter combined USD 2.02 billion in revenue with a 30.00 percent operating margin, making execution the key variable behind the competing USD 289.00 to USD 370.00 analyst targets. At Lang & Schwarz, Garmin stock was trading at EUR 263.75 on October 27, 2026 at 10:32 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Garmin stock.