What Are Wall Street Analysts’ Target Price for Garmin Stock?

Schaffhausen, Switzerland-based Garmin Ltd. (GRMN) designs, develops, manufactures, markets, and distributes a range of wireless devices. Valued at $34.7 billion by market cap, the company designs, develops, manufactures, and markets hand-held, portable, and fixed mount GPS-enabled products serving automotive, aviation, marine, outdoor, and fitness markets.

Shares of this leading provider of navigation and communication devices have outperformed the broader market considerably over the past year. GRMN has gained 74.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.7%. In 2024, GRMN stock is up 40.5%, surpassing SPX’s 18% rise on a YTD basis.