Garmin (GRMN) Stock Forecast & Price Target

Garmin has demonstrated strong financial performance, with earnings per share (EPS) reaching $2.17, reflecting a 37% year-over-year increase, and operating income rising to $472 million, also up 38% year-over-year. The company's Economic Profit (EP) showed a robust growth of 14.08% year-over-year, increasing from $832.3 million to $949.5 million over the last twelve months. Furthermore, Garmin achieved a notable 19.64% year-over-year increase in net sales revenue, rising from $5.65 billion to $6.76 billion for the twelve months ending June 2025.

Garmin faces significant risks that could hinder its ability to achieve its financial objectives, primarily due to increased competition from both existing and new market players, which may pressure its market share and profitability. Additionally, the company could experience operational disruptions from unforeseen events, product delays, or malfunctions, potentially impacting customer satisfaction and ongoing operations. Furthermore, changes in regulations and legislation could adversely affect the company's business environment, compounding the challenges it faces in sustaining its competitive advantage.