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

Published on 10/22/2026 at 16:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Garmin stock, Q2 revenue rose 11.40 percent to USD 2.02 billion. The quote is EUR 258.60 on October 22, 2026 versus the Xetra close.

Arete target and earnings date

Arete initiated coverage with a USD 335.00 target on October 14, 2026.
Garmin reported second-quarter revenue of USD 2.02 billion, up 11.40 percent year over year.
Garmin stock costs EUR 258.60 at Lang & Schwarz on October 22, 2026 at 4:08 p.m. CEST.
Garmin is scheduled to release third-quarter results on October 28, 2026.

Bauhaus-Konstruktivismus-Poster mit Satellitenkreisen, ELEKTRONIK-Text und Primärfarben Rot Blau Gelb — Garmin Ltd. Bauhaus-Poster mit geometrischen Satellitenkreisen und Sektor-Text ELEKTRONIK SMI ISIN CH0114405324, Illustration mit AI erstellt.

Garmin Ltd. (ISIN CH0114405324) drew a USD 335.00 price target when Arete began coverage with a Buy rating on October 14, 2026, according to MarketScreener. Garmin stock was trading at EUR 258.60 at Lang & Schwarz on October 22, 2026 at 4:08 p.m. CEST.

Arete sets a USD 335.00 target

The target is above Garmin's primary-market price of USD 291.13 at the October 21, 2026 NYSE close, but the two currencies are not directly comparable. MarketScreener listed eight analysts, an average target of USD 306.71 and an Outperform consensus in its October 14 coverage page.

Garmin's scheduled product cycle gives the target a near-term test. Garmin said on September 23, 2026 that its third-quarter earnings release and conference call would take place on October 28, 2026.

What does the next report need to show?

Garmin generated USD 2.02 billion in second-quarter 2026 revenue, up 11.40 percent from the prior-year quarter, while earnings per share reached USD 2.81 versus a USD 2.30 consensus estimate, according to MarketBeat. Analysts cited by the outlet expect third-quarter revenue of USD 1.99 billion and earnings per share of USD 2.41.

Price position and valuation

The NYSE quote of USD 291.13 on October 21, 2026 stood below Garmin's 52-week high of USD 314.28 and above its 52-week low of USD 186.67. The current market capitalization is USD 55.9 billion, while the price-to-earnings ratio is 29.92. These figures place the analyst target, the upcoming report and the valuation in the same investor frame.

Garmin's next dated catalyst

The October 28, 2026 earnings release is the next scheduled corporate event. Garmin's September 23 announcement specified a release before the NYSE open and a conference call at 10:30 a.m. EDT.

Stock valuation remains the live question

For investors, the key comparison is between the USD 335.00 Arete target and the USD 306.71 average target cited by MarketScreener. Garmin's second-quarter revenue growth provides the operating benchmark, while the October 28 report will supply the next reported period.

Garmin stock price in euros

Garmin stock was trading at EUR 258.60 at Lang & Schwarz on October 22, 2026 at 4:08 p.m. CEST. The primary-market reference was USD 291.13 at the NYSE close on October 21, 2026.

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