ALTSTATION.IO

Garmin Ltd. (GRMN) Stock Analysis

By Nova Skye | AltStation.io | Updated February 07, 2026

Price

$200.04

Change

+0.68%

Market Cap

$38.51B

Avg Volume

1.0M

Company Overview

Garmin Ltd. designs and manufactures a wide range of wireless devices, primarily focused on fitness and outdoor activities, automotive navigation, aviation, and marine technologies. Their product lineup includes running and multi-sport watches, smartwatches, handheld outdoor devices, aviation avionics, and various marine technology solutions. Customers range from individual fitness enthusiasts and outdoor adventurers to aviation professionals and boaters. The company also supports third-party app development through its Connect IQ platform.

Garmin holds a strong competitive position as a market leader in several segments, particularly in the fitness and navigation sectors. Their brand is synonymous with reliability and innovation, benefiting from a strong reputation and a loyal customer base. Key competitors include companies like Apple, which increasingly competes in the smartwatch arena, and other specialized brands in the GPS and fitness industries. However, Garmin’s broad product portfolio and expertise in niche markets provide them with a distinct edge, though they face threats from rapid technological advancements and evolving consumer preferences.

Currently, Garmin is in a growth phase, reporting revenues of $3.2 billion in 2022, driven largely by increased demand for their fitness wearables and aviation products. The company has made strategic investments in developing new technologies and expanding its product lines, particularly in health and wellness. Recent milestones include launching upgraded fitness devices and expanding its software services, positioning them well to capitalize on shifting market trends towards smart, connected devices.

Key Financials

Market Cap

$38.51B

Revenue

$6.94B

EBITDA

$1.97B

Gross Margin

58.7%

Profit Margin

22.6%

Revenue Growth

11.7%

Total Cash

$2.54B

Total Debt

$198.57M

Free Cash Flow

$908.81M

52-Week Price Performance Analysis

Price Statistics

P/E Ratio

24.67

Forward P/E

22.94

Beta

1.00

52-Week High

$261.69

52-Week Low

$169.26

EPS

$8.11

50-Day Avg

$204.51

200-Day Avg

$216.38

Price/Book

4.54

Technical Analysis

Over the past 52 weeks, Garmin Ltd. (GRMN) has exhibited a general downward trend, particularly pronounced since late September when it peaked at around $256, followed by a significant decline to its current level of $200.04, marking a 4.7% decrease over the year. Key support is identified near the $200 mark, which has held throughout the last few months, while $202.33 serves as resistance, indicating a potential short-term ceiling. A notable price pattern is the lower highs established since early November, suggesting a bearish momentum that has not yet reversed. Recently, the stock has shown weak momentum, oscillating within the $200-$202 range without any decisive moves. The current price, at $200.04, is just above the support level, sitting at approximately 22% off its 52-week high, which implies continued caution for bullish investors at this level.

Recent News and Developments

Here’s a summary of the latest news and developments for Garmin Ltd

(GRMN) stock from the past week:

Market Update

### Garmin Launches New Varia RearVue 820 Cycling Radar Tail Light

Market Update

On February 3, 2026, Garmin announced the release of its new Varia RearVue 820, an innovative radar tail light designed to enhance cyclist awareness and visibility on the road. This product features advanced vehicle tracking capabilities, detecting vehicle size and movement, and categorizing threat levels with alerts displayed on compatible Garmin devices or the Varia smartphone app. The Varia Rea

Market Sentiment and Analyst Recommendations

Bull Case

Garmin’s balance sheet is fortress-like with 2.54 billion in cash against only 198 million in debt, giving the company substantial flexibility for acquisitions or shareholder returns. Revenue growth of 11.7% shows the core business is expanding despite the stock’s recent decline, and at 24.67x P/E, the valuation isn’t stretched relative to growth. The FDA’s easing of wearables oversight removes a regulatory headwind and opens faster paths to market for new health features, directly benefiting Garmin’s growing fitness and health segment. The Varia RearVue 820 launch demonstrates continued product innovation in cycling, a category where Garmin has dominant market position. With 8 analysts setting an average price target of 235.25, there’s 17.6% upside to consensus, and the 52-week range shows the stock has traded 30% higher than current levels recently, suggesting the selloff is overdone.

Bear Case

The stock has declined 22% from its 52-week high and is showing lower highs since November, a technical pattern that signals continued weakness ahead. The recent 5.09% drop over 30 days and 1.85% YTD decline suggest momentum has turned negative despite solid revenue growth, indicating investors are rotating away regardless of fundamentals. At 24.67x P/E, Garmin isn’t cheap enough to attract value buyers while the stock is falling, leaving the valuation in a no-man’s-land. The analyst consensus is genuinely split with a “neutral” rating from 8 analysts and a wide target range from 185 to 310, reflecting genuine uncertainty about the company’s direction. Garmin faces intense competition in wearables and outdoor tech from Apple, Samsung, and Fitbit, all of which have deeper resources and stronger ecosystems, making market share gains harder to achieve.

What to Watch

The Q4 2025 earnings report on February 18, 2026 is the critical near-term catalyst, with expectations for 2.39 EPS. Watch whether the company provides guidance that supports the 11.7% revenue growth rate or signals deceleration heading into 2026, as this will validate or undermine the bull thesis. Monitor the stock’s ability to hold the 200 support level and whether it can break above 202.33 resistance, as a break below 200 could accelerate selling pressure toward 185. Track the FDA wearables decision implementation timeline and how quickly Garmin can launch new health-monitoring features under the relaxed framework, as this is a legitimate competitive advantage if executed well. Finally, watch for any acquisition or partnership announcements that could unlock value, given the company’s strong cash position and the consolidation happening across the wearables and fitness tech sectors.

Analyst Consensus

NONE

Based on 8 analyst opinions

Low Target

$185.00

Mean Target

$235.25

High Target

$310.00

Earnings and Financial Data

Sector

Technology

Industry

Scientific & Technical Instruments

Employees

21,800

Earnings & Dividends

Next Earnings

Feb 18, 2026

EPS (Trailing)

$8.11

Dividend Yield

181.0%

Payout Ratio

40.7%

Frequently Asked Questions

Is GRMN a good stock to buy?

Garmin Ltd. (GRMN) is currently priced at $200.04 with a market cap of $38.51 billion and a P/E of 24.67. With an analyst target of $235.25, there is a potential upside of about 17.6%, suggesting it could be a solid buy.

What is GRMN’s price target?

Analysts have set a price target of $235.25 for GRMN, implying potential growth from the current price. This target reflects strong confidence in the company’s future performance and market position.

Does GRMN pay a dividend?

Yes, Garmin offers a robust dividend with a yield of 181.0%. This is exceptionally high and indicates that the company returns a significant portion of its profits to shareholders—ideal for income-focused investors.

What has been GRMN’s stock performance over the past year?

The stock has seen a 52-week price range of $169.26 to $261.69. This volatility shows both strong highs and lows, but the current price suggests a rebound could occur given its trajectory.

What industry does GRMN operate in?

Garmin Ltd. operates in the Technology sector, specifically in the Scientific & Technical Instruments industry. This strategic positioning benefits from ongoing advancements in technology and consumer demand for precision instruments.

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Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated February 07, 2026.