Garmin (GRMN) Stock Forecast & Price Target

Garmin reported impressive financial growth, with earnings per share (EPS) of $2.17 representing a 37% year-over-year increase, alongside a significant rise in operating income to $472 million, reflecting a 38% increase year-over-year. Additionally, the company's Economic Profit (EP) saw a notable increase of 14.08% year-over-year, rising from $832.3 million to $949.5 million over the last twelve months. Furthermore, Garmin's net sales revenue surged by 19.64% year-over-year, increasing from $5.65 billion to $6.76 billion for the twelve months ending June 2025, underpinning the company's strong market position and robust demand across its diverse product lines.

Garmin faces several significant risks that contribute to a negative outlook on its stock, including increased competition from both existing and emerging players within the GPS-enabled device market. Unforeseen events that could disrupt operations, delay product launches, or lead to product malfunctions further exacerbate these vulnerabilities and threaten the company's ability to maintain its business sustainability. Additionally, changes in regulations and legislation pose potential challenges that may adversely impact Garmin's operational performance and overall financial health.