Longbow Research has upgraded Garmin Ltd (GRMN) to a Buy rating from Neutral. This change, effective December 2, 2025, reflects a more optimistic outlook on the company's prospects. Currently, Garmin's stock is priced at $202.97.
Garmin Ltd, headquartered in Schaffhausen, Switzerland, specializes in navigation, communications, and information devices, primarily utilizing GPS technology. The company operates through five segments: fitness, outdoor, aviation, marine, and auto, employing approximately 21,800 full-time staff. As of December 2, 2025, Garmin has a market capitalization of $37.9 billion, a P/E ratio of 24.15, and an EPS of 8.11, alongside a remarkable dividend yield of 182.9%.
This upgrade may signify improved fundamentals or increased confidence in Garmin's strategic direction. Analyst ratings can evolve over time, influenced by new information and differing opinions among analysts. As of December 1, 2025, the consensus rating remains a Sell, with 1 Strong Buy, 0 Buy, 6 Hold, 5 Sell, and 2 Strong Sell ratings.
Garmin is set to announce its upcoming earnings on July 28, 2026, with an EPS estimate of $2.25 and revenue expectations of $1.9 billion. The company's recent earnings performance has shown variability, with a Q3 2025 EPS of $1.99, slightly below the estimate of $2.00.
Investors should consider various factors, including company fundamentals and industry trends, when evaluating analyst ratings.