Why Is Garmin Stock Falling Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2024
0mins
Should l Buy GRMN?
Source: Benzinga
BofA Securities downgrades Garmin to Underperform, cutting the price target from $165 to $150.
Analyst cites decelerating momentum and potential margin headwinds from the AutoOEM segment as concerns.
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Analyst Views on GRMN
Wall Street analysts forecast GRMN stock price to rise
7 Analyst Rating
2 Buy
2 Hold
3 Sell
Hold
Current: 203.220
Low
185.00
Averages
229.60
High
310.00
Current: 203.220
Low
185.00
Averages
229.60
High
310.00
About GRMN
Garmin Ltd. (Garmin) is a Switzerland-based entity. The Company and its subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments: fitness, outdoor, aviation, marine and auto. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. Garmin offers various products designed for use in fitness and activity tracking. Company’s aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles, and unmanned aerial vehicles. Company operates worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Garmin's Diversified Business Shows Potential
- Strong Financial Performance: Garmin achieved record revenue of $6.3 billion in fiscal year 2024, marking a 20% increase, with all five business segments hitting all-time highs, and operating income surged 46% to $1.59 billion, showcasing the company's success in diversification.
- Wearable Device Growth: In Q3 2025, Garmin's fitness segment revenue jumped 30%, driven by demand for advanced wearables, further solidifying its leadership position in the market.
- Revenue Guidance Raised: Garmin raised its revenue guidance for FY 2025 to $7.1 billion, reflecting confidence in future growth, particularly driven by strong performance in its outdoor and fitness product lines.
- Stock Price Volatility Risk: With the current stock price around $205, below the 52-week high of $261.69, the market faces both expectations and risks ahead of the upcoming earnings report, necessitating cautious investor strategies to manage potential stock price fluctuations.
See More
Next Week's Market Focus: Walmart Earnings
- Walmart Earnings Expectations: Analysts anticipate Walmart will report its fourth-quarter earnings on Thursday, with net sales expected to rise approximately 4% and operating income potentially increasing by 11%, further solidifying its status as a trillion-dollar company.
- Consumer Health Insights: Investors will closely monitor Walmart's commentary on consumer health and its 2026 financial guidance to assess future market trends and corporate strategy.
- FOMC Meeting Minutes Release: The minutes from the January FOMC meeting will be released on Wednesday, providing insights into policymakers' views on the path of interest rates, especially after holding rates steady at the start of the year, which has generated significant market interest.
- Personal Consumption Expenditures Data: On Friday, the Personal Consumption Expenditures (PCE) data will be released, which is the Fed's preferred inflation gauge, and the market will be keen to see if it confirms that inflation is steadily cooling or prompts the Fed to maintain a cautious stance.
See More
Garmin to Release Q4 2025 Earnings Report Next Week
- Strong Financial Performance: Garmin reported record revenue of $6.3 billion for fiscal year 2024, a 20% increase, with all five business segments achieving all-time highs and operating income soaring 46% to $1.59 billion, showcasing the company's robust performance across diversified sectors.
- Wearables Growth: In Q3 2025, Garmin's fitness segment revenue surged 30%, driven by strong demand for advanced wearables, although the outdoor segment, the largest revenue source, generated $498 million but saw a 5% decline year-over-year after significant product launches last year.
- Optimistic Future Outlook: Garmin raised its revenue guidance for fiscal year 2025 to $7.1 billion, reflecting confidence in future growth, particularly in the fitness and outdoor equipment sectors where demand remains strong.
- Market Risk Warning: With the stock currently trading around $205, below its 52-week high of $261.69, investors should be cautious as the stock previously dropped 11.5% in a single day following Q3 results, indicating high market expectations and potential volatility risks.
See More
Garmin Launches Varia RearVue 820 Radar Tail Light for Cyclists
- Advanced Vehicle Tracking: The Varia RearVue 820 features cutting-edge radar technology that detects the size and movement of vehicles approaching from behind, providing real-time threat level alerts that enhance cyclists' safety and awareness of surrounding traffic.
- Superior Visibility: This tail light is the brightest on the market, visible from over 1.2 miles away, and offers multiple light modes to ensure cyclists are clearly seen both day and night, thereby reducing the risk of accidents.
- Extended Battery Life: With a battery life of up to 24 hours in day flash mode and 30 hours in radar-only mode, the Varia RearVue 820 allows cyclists to ride longer with enhanced safety and peace of mind.
- Convenient Design and Pricing: Featuring a sleek modern design, the device includes a USB-C charging port and a new seat post mount, priced at $299.99, aimed at providing cyclists with greater convenience and safety.
See More
Garmin Launches Varia RearVue 820 Radar Tail Light for Cyclists
- Advanced Vehicle Tracking: The Varia RearVue 820 features cutting-edge radar technology that detects the size and movement of vehicles approaching from behind, providing real-time threat level alerts that enhance cyclists' safety and awareness of surrounding traffic.
- Superior Battery Life: This tail light boasts a battery life of up to 24 hours in day flash mode and 30 hours in radar-only mode, allowing cyclists to ride longer with heightened awareness while reducing the frequency of recharging, thus improving the overall riding experience.
- Enhanced Visibility: With a brightness range of over 1.2 miles, the Varia RearVue 820 offers multiple light modes, and cyclists can customize flashing patterns based on their needs, significantly increasing visibility in various environments and ensuring safety on the road.
- Convenient Design: Featuring a sleek modern look, the device includes a USB-C charging port and a new seat post mount that fits almost any road or gravel bike, priced at $299.99, further driving Garmin's innovation in cycling safety.
See More
Barclays Downgrades HP (HPQ) to Underweight, Lowers Price Target to $18
- HP Rating Downgrade: Barclays downgraded HP from Equal Weight to Underweight and lowered the price target from $24 to $18, citing long-term challenges in both personal computers and printing, predicting continued stock pressure into 2026.
- Memory Cycle Impact: Analysts noted that the current memory cycle's intensity could materially pressure HP's PC business, although a short-term bump from customers securing known pricing may occur, long-term demand is expected to degrade.
- Garmin Rating Upgrade: Barclays upgraded Garmin from Underweight to Equal Weight, raising the price target from $208 to $217, as analysts are optimistic about Garmin's diversified business and strong performance in wearables, which is less susceptible to consumer contraction.
- Logitech Rating Downgrade: Barclays downgraded Logitech from Overweight to Equal Weight, reducing the price target from $134 to $98, expressing concerns over potential macro weakness in the North American market, which could hinder business growth due to inflationary pressures.
See More
Garmin's Diversified Business Shows Potential
- Strong Financial Performance: Garmin achieved record revenue of $6.3 billion in fiscal year 2024, marking a 20% increase, with all five business segments hitting all-time highs, and operating income surged 46% to $1.59 billion, showcasing the company's success in diversification.
- Wearable Device Growth: In Q3 2025, Garmin's fitness segment revenue jumped 30%, driven by demand for advanced wearables, further solidifying its leadership position in the market.
- Revenue Guidance Raised: Garmin raised its revenue guidance for FY 2025 to $7.1 billion, reflecting confidence in future growth, particularly driven by strong performance in its outdoor and fitness product lines.
- Stock Price Volatility Risk: With the current stock price around $205, below the 52-week high of $261.69, the market faces both expectations and risks ahead of the upcoming earnings report, necessitating cautious investor strategies to manage potential stock price fluctuations.
See More
Next Week's Market Focus: Walmart Earnings
- Walmart Earnings Expectations: Analysts anticipate Walmart will report its fourth-quarter earnings on Thursday, with net sales expected to rise approximately 4% and operating income potentially increasing by 11%, further solidifying its status as a trillion-dollar company.
- Consumer Health Insights: Investors will closely monitor Walmart's commentary on consumer health and its 2026 financial guidance to assess future market trends and corporate strategy.
- FOMC Meeting Minutes Release: The minutes from the January FOMC meeting will be released on Wednesday, providing insights into policymakers' views on the path of interest rates, especially after holding rates steady at the start of the year, which has generated significant market interest.
- Personal Consumption Expenditures Data: On Friday, the Personal Consumption Expenditures (PCE) data will be released, which is the Fed's preferred inflation gauge, and the market will be keen to see if it confirms that inflation is steadily cooling or prompts the Fed to maintain a cautious stance.
See More
Garmin to Release Q4 2025 Earnings Report Next Week
- Strong Financial Performance: Garmin reported record revenue of $6.3 billion for fiscal year 2024, a 20% increase, with all five business segments achieving all-time highs and operating income soaring 46% to $1.59 billion, showcasing the company's robust performance across diversified sectors.
- Wearables Growth: In Q3 2025, Garmin's fitness segment revenue surged 30%, driven by strong demand for advanced wearables, although the outdoor segment, the largest revenue source, generated $498 million but saw a 5% decline year-over-year after significant product launches last year.
- Optimistic Future Outlook: Garmin raised its revenue guidance for fiscal year 2025 to $7.1 billion, reflecting confidence in future growth, particularly in the fitness and outdoor equipment sectors where demand remains strong.
- Market Risk Warning: With the stock currently trading around $205, below its 52-week high of $261.69, investors should be cautious as the stock previously dropped 11.5% in a single day following Q3 results, indicating high market expectations and potential volatility risks.
See More
Garmin Launches Varia RearVue 820 Radar Tail Light for Cyclists
- Advanced Vehicle Tracking: The Varia RearVue 820 features cutting-edge radar technology that detects the size and movement of vehicles approaching from behind, providing real-time threat level alerts that enhance cyclists' safety and awareness of surrounding traffic.
- Superior Visibility: This tail light is the brightest on the market, visible from over 1.2 miles away, and offers multiple light modes to ensure cyclists are clearly seen both day and night, thereby reducing the risk of accidents.
- Extended Battery Life: With a battery life of up to 24 hours in day flash mode and 30 hours in radar-only mode, the Varia RearVue 820 allows cyclists to ride longer with enhanced safety and peace of mind.
- Convenient Design and Pricing: Featuring a sleek modern design, the device includes a USB-C charging port and a new seat post mount, priced at $299.99, aimed at providing cyclists with greater convenience and safety.
See More
Garmin Launches Varia RearVue 820 Radar Tail Light for Cyclists
- Advanced Vehicle Tracking: The Varia RearVue 820 features cutting-edge radar technology that detects the size and movement of vehicles approaching from behind, providing real-time threat level alerts that enhance cyclists' safety and awareness of surrounding traffic.
- Superior Battery Life: This tail light boasts a battery life of up to 24 hours in day flash mode and 30 hours in radar-only mode, allowing cyclists to ride longer with heightened awareness while reducing the frequency of recharging, thus improving the overall riding experience.
- Enhanced Visibility: With a brightness range of over 1.2 miles, the Varia RearVue 820 offers multiple light modes, and cyclists can customize flashing patterns based on their needs, significantly increasing visibility in various environments and ensuring safety on the road.
- Convenient Design: Featuring a sleek modern look, the device includes a USB-C charging port and a new seat post mount that fits almost any road or gravel bike, priced at $299.99, further driving Garmin's innovation in cycling safety.
See More
Barclays Downgrades HP (HPQ) to Underweight, Lowers Price Target to $18
- HP Rating Downgrade: Barclays downgraded HP from Equal Weight to Underweight and lowered the price target from $24 to $18, citing long-term challenges in both personal computers and printing, predicting continued stock pressure into 2026.
- Memory Cycle Impact: Analysts noted that the current memory cycle's intensity could materially pressure HP's PC business, although a short-term bump from customers securing known pricing may occur, long-term demand is expected to degrade.
- Garmin Rating Upgrade: Barclays upgraded Garmin from Underweight to Equal Weight, raising the price target from $208 to $217, as analysts are optimistic about Garmin's diversified business and strong performance in wearables, which is less susceptible to consumer contraction.
- Logitech Rating Downgrade: Barclays downgraded Logitech from Overweight to Equal Weight, reducing the price target from $134 to $98, expressing concerns over potential macro weakness in the North American market, which could hinder business growth due to inflationary pressures.
See More
