Garmin stock: Arete sets USD 335.00 target with a Buy rating

Published on 10/23/2026 at 16:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Garmin adds a USD 335.00 analyst target dated October 14, 2026. Garmin stock costs EUR 263.10 on October 23, 2026 at 4:02 p.m. CEST.

Analyst and reporting date

Arete Research initiated coverage with a USD 335.00 target and Buy rating on October 14, 2026.
Garmin reported USD 2.02 billion in second-quarter 2026 revenue, up 11.40 percent year over year.
Garmin stock costs EUR 263.10 at Lang & Schwarz on October 23, 2026 at 4:02 p.m. CEST.

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Garmin Ltd. (ISIN CH0114405324) received a USD 335.00 price target and Buy rating when Arete Research began coverage on October 14, 2026, according to Markets Insider. Garmin stock was trading at EUR 263.10 at Lang & Schwarz on October 23, 2026 at 4:02 p.m. CEST.

Second-quarter growth stays visible

Garmin's second-quarter 2026 revenue reached USD 2.02 billion, up 11.40 percent from the same quarter a year earlier. Net income rose to USD 541.92 million, while diluted earnings per share reached USD 2.80, according to GreekSoup, which cited Garmin's filing dated July 29, 2026.

Stock remains below its yearly high

The NYSE-listed stock traded at USD 293.47 at 2:06 p.m. UTC on October 23, 2026. Its USD 186.67 to USD 314.28 52-week range places the latest quote 6.62 percent below the high. The company's market capitalization stood at USD 56.6 billion, and its price-to-earnings ratio was 30.23 at the same quote.

What comes before the results?

Garmin has scheduled its third-quarter 2026 earnings release for October 28, 2026, before the market opens, with the conference call at 10:30 a.m. EDT. The date was announced by Garmin on September 23, 2026. The next report will give investors a fresh test of whether the 11.40 percent second-quarter revenue growth carried into the following period.

Comparison with peers

Garmin's valuation combines a USD 56.6 billion market capitalization with a 30.23 price-to-earnings ratio. Apple, a large consumer-electronics peer, traded at USD 348.31 on October 23, 2026 and carried a USD 5.1 trillion market capitalization with a 39.80 price-to-earnings ratio.

Price stays central ahead of October 28

Garmin enters the earnings date with strong second-quarter figures, a new analyst target and a share price below its yearly high. The October 28 release is the next scheduled event for the company.

Garmin stock was trading at EUR 263.10 at Lang & Schwarz on October 23, 2026 at 4:02 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Garmin stock.