Morgan Stanley Maintains Equal-Weight on Garmin, Raises Price Target to $289

Why Garmin Stock Soared in July and Is at an All-Time High

Garmin stock surged 53% year-to-date and 23.7% in July following strong Q2 earnings with record revenue growth of 11% YoY and raised full-year guidance. The fitness segment led growth at 25% YoY, driven by advanced wearables. Despite a forward P/E of 31, the company's $4.4 billion cash position with zero debt effectively lowers valuation to under 29, suggesting shares remain reasonably valued for long-term investors.

Tigress Financial Maintains Strong Buy on Garmin, Raises Price Target to $370

Tigress Financial analyst Ivan Feinseth maintains Garmin (NYSE:GRMN) with a Strong Buy and raises the price target from $325 to $370.

Barclays Maintains Equal-Weight on Garmin, Raises Price Target to $297