Garmin stock: Arete starts coverage at USD 335.00 target for Garmin stock

Published on 10/21/2026 at 15:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue hit USD 2.02 billion, up 11.40 percent. Garmin stock costs EUR 258.85 on October 21, 2026, up 0.56 percent versus Xetra close.

Analyst target and results date

On October 14, 2026, Arete Research began coverage with a USD 335.00 target and Buy rating.
Second-quarter 2026 revenue reached USD 2.02 billion, up 11.40 percent year over year.
Garmin stock costs EUR 258.85 at Lang & Schwarz on October 21, 2026 at 3:11 p.m. CEST, up 0.56 percent versus the Xetra close of October 20, 2026.
Garmin is scheduled to report third-quarter 2026 results on October 28, 2026.

Pop-Art-Comic-Szene Bergwanderer mit GPS-Gerät in Lichtenstein-Stil mit bunten Halbtonpunkten — Garmin Ltd. Pop-Art-Comic Bergwanderer mit GPS-Gerät bunte Halbton-Punkte Abenteuer-Navigation Berge ISIN CH0114405324, Illustration mit AI erstellt.

Garmin Ltd. (ISIN CH0114405324) drew a fresh analyst view on October 14, 2026, when Arete Research began coverage with a Buy rating and a USD 335.00 price target, as MarketScreener reported. Garmin stock was trading at EUR 258.85 at Lang & Schwarz on October 21, 2026 at 3:11 p.m. CEST, up 0.56 percent versus the Xetra close of October 20, 2026 at EUR 257.40.

Second-quarter growth stays visible

Garmin's second-quarter 2026 revenue reached USD 2.02 billion, compared with USD 1.93 billion in the same period a year earlier. That represents 11.40 percent year-over-year growth, while adjusted earnings per share reached USD 2.81 against a USD 2.30 consensus estimate, according to MarketBeat.

Stock remains below the yearly high

On the NYSE, Garmin last traded at USD 290.35 on October 20, 2026 at 4:00 p.m. ET. Its USD 186.67 to USD 314.28 52-week range puts the latest primary-market quote USD 23.93 below the high, while the euro quote remains within the dated Xetra range.

Garmin's market capitalization stood at USD 56.0 billion and its price-to-earnings ratio was 29.93 on October 20, 2026. The company has 23,000 employees and operates across fitness, outdoor, aviation, marine and automotive products.

October 28 earnings date

Garmin is scheduled to release third-quarter 2026 results before the NYSE open on October 28, 2026, with the earnings call set for 10:30 a.m. ET, according to MarketBeat. The same report cites a consensus forecast of USD 2.41 earnings per share and USD 1.99 billion in revenue for the quarter.

Comparison with peers

Garmin Ltd.: up 0.56 percent versus the Xetra close, P/E 29.93, market capitalization USD 56.0 billion.

Apple (Nasdaq, USD): down 1.00 percent, P/E 38.89, market capitalization USD 4.95 trillion. Sonos (Nasdaq, USD): up 2.60 percent, P/E minus 56.03, market capitalization USD 2.1 billion.

Price and next results

Arete's USD 335.00 target is USD 44.65 above the NYSE quote of USD 290.35 on October 20, 2026, a 15.38 percent premium. The next dated catalyst is Garmin's third-quarter report on October 28, 2026. Garmin stock was trading at EUR 258.85 at Lang & Schwarz on October 21, 2026 at 3:11 p.m. CEST, up 0.56 percent versus the Xetra close of October 20, 2026 at EUR 257.40. The further course of trading is shown by the continuously updated real-time quote of Garmin stock.