Morgan Stanley upgraded Garmin (GRMN) to Equal Weight from Underweight, increasing its price target to $252 from $195 due to stronger-than-expected 2026 revenue and margin guidance. Garmin reported record 2025 revenue of $7.246 billion, 15% up year-over-year, and healthy fourth-quarter figures, with management guiding for continued growth in 2026. The company also announced a 17% dividend increase and a $500 million share repurchase program.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Morgan Stanley Upgrades Garmin (GRMN), Raises Price Target to $252 from $195
Morgan Stanley upgraded Garmin (GRMN) to Equal Weight from Underweight, increasing its price target to $252 from $195 due to stronger-than-expected 2026 revenue and margin guidance. Garmin reported record 2025 revenue of $7.246 billion, 15% up year-over-year, and healthy fourth-quarter figures, with management guiding for continued growth in 2026. The company also announced a 17% dividend increase and a $500 million share repurchase program.