Fintel reports that on February 19, 2026, Morgan Stanley upgraded their outlook for Garmin (NYSE:GRMN) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 3.41% Downside
As of February 3, 2026, the average one-year price target for Garmin is $229.35/share. The forecasts range from a low of $186.85 to a high of $320.25. The average price target represents a decrease of 3.41% from its latest reported closing price of $237.46 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Garmin is 5,920MM, a decrease of 18.29%. The projected annual non-GAAP EPS is 7.63.
What is the Fund Sentiment?
There are 1,513 funds or institutions reporting positions in Garmin. This is an decrease of 196 owner(s) or 11.47% in the last quarter. Average portfolio weight of all funds dedicated to GRMN is 0.19%, an increase of 9.69%. Total shares owned by institutions increased in the last three months by 0.33% to 124,814K shares. 
The put/call ratio of GRMN is 0.21, indicating a bullish outlook.
What are Other Shareholders Doing?
Artisan Partners Limited Partnership holds 5,700K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 5,830K shares , representing a decrease of 2.28%. The firm decreased its portfolio allocation in GRMN by 14.99% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,260K shares representing 2.74% ownership of the company. In its prior filing, the firm reported owning 4,858K shares , representing an increase of 7.65%. The firm decreased its portfolio allocation in GRMN by 7.13% over the last quarter.
ARTKX - Artisan International Value Fund Investor Shares holds 4,657K shares representing 2.42% ownership of the company. In its prior filing, the firm reported owning 4,337K shares , representing an increase of 6.86%. The firm decreased its portfolio allocation in GRMN by 3.14% over the last quarter.
Geode Capital Management holds 4,511K shares representing 2.35% ownership of the company. In its prior filing, the firm reported owning 4,848K shares , representing a decrease of 7.48%. The firm decreased its portfolio allocation in GRMN by 60.48% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 4,372K shares representing 2.27% ownership of the company. In its prior filing, the firm reported owning 4,268K shares , representing an increase of 2.38%. The firm decreased its portfolio allocation in GRMN by 12.52% over the last quarter.
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