Garmin: JP Morgan raises PT to $250 from $215, maintains Neutral rating.

Garmin: JP Morgan raises PT to $250 from $215, maintains Neutral rating.

In a recent update, JP Morgan has revised its price target for Garmin Ltd. (GRMN) to $250 from the previous $215, while maintaining a Neutral rating on the stock [1]. The move comes amidst positive market performance for Garmin, which has seen its stock climb by 9.28% in the past month, outperforming the S&P 500's gain of 4.51% [2].

The financial data provided by Zacks Investment Research indicates that Garmin is expected to post an earnings per share (EPS) of $1.95 for the current quarter, representing a 23.42% growth year-over-year (YoY) [2]. Additionally, analysts are anticipating revenue of $1.73 billion, marking a 15.01% increase from the same quarter last year [2].

Garmin's stock has been trading at a Forward P/E ratio of 27.04, which is a premium compared to the industry average of 18.94 [2]. The company also holds a PEG ratio of 2.42, indicating its expected earnings growth rate [2].

The Zacks Rank system, which takes into account estimate revisions, currently ranks Garmin at #4 (Sell) [2]. Despite this, the stock has shown strong momentum, with positive estimate revisions indicating a good sign for the business outlook [2].

The latest earnings report is expected on July 30, 2025, and investors will be closely following the company's financial results [2].

References:
[1] https://www.inkl.com/news/jp-morgan-chief-defends-independence-of-fed-chair-amid-trump-attacks
[2] https://www.nasdaq.com/articles/garmin-grmn-surpasses-market-returns-some-facts-worth-knowing