Garmin Ltd. (NYSE:GRMN) Stock Update and Earnings Forecast

• Morgan Stanley adjusted Garmin's rating to "Underweight" but raised its price target from $186 to $193.
• Garmin's stock experienced a decline of 1.05%, more significant than broader market movements.
• Upcoming earnings report expected to show an EPS of $1.98 and revenue growth of 12.35% to $1.78 billion.

Garmin Ltd. (NYSE:GRMN) is a well-known player in the technology sector, specializing in GPS technology and wearable devices. The company competes with other tech giants like Apple and Fitbit in the wearable market. On September 19, 2025, Morgan Stanley adjusted its rating for Garmin to "Underweight," maintaining a "hold" action. At that time, Garmin's stock price was $236.03. Morgan Stanley also raised Garmin's price target from $186 to $193.

Recently, Garmin's stock closed at $234.18, marking a decline of 1.05% from the previous day. This drop was more significant than the broader market movements, as the S&P 500 saw a minor decrease of 0.1%, while the Dow Jones Industrial Average rose by 0.57%, and the Nasdaq Composite fell by 0.33%. Prior to this session, Garmin's shares had increased by 1.38%, which was below the Computer and Technology sector's gain of 5.94% and the S&P 500's gain of 2.57%.

Investors are eagerly awaiting Garmin's upcoming earnings report. The company is expected to announce an earnings per share (EPS) of $1.98, representing a slight decrease of 0.5% from the same quarter last year. However, revenue is projected to rise by 12.35% to $1.78 billion compared to the previous year. This indicates a positive outlook for Garmin's revenue growth despite the slight dip in EPS.

For the full fiscal year, the Zacks Consensus Estimates forecast earnings of $8.07 per share and a total revenue of $7.05 billion. Currently, Garmin's stock price is $235.72, reflecting a decrease of approximately 0.64%. The stock has fallen by $1.53 today, with a trading range from a low of $235.44 to a high of $238.53. Over the past year, Garmin's stock has reached a high of $246.50 and a low of $160.94.

Garmin's market capitalization stands at approximately $45.37 billion, indicating its significant presence in the market. Today's trading volume for Garmin is 158,770 shares, reflecting investor interest in the stock. As Garmin continues to navigate market fluctuations, investors will be closely monitoring its performance and upcoming earnings report.