What Are Wall Street Analysts' Target Price for Garmin Stock?

Wall Street analysts have set a target price for Garmin Ltd. (GRMN) stock that indicates a potential upside for investors. The company, known for its GPS-enabled products and navigation services, has seen its shares surge 27.4% over the past year, outpacing the S&P 500 Index's 19.5% rise. Analysts predict that GRMN's stock will continue to outperform, with a 17.8% increase to $10.08 on a diluted basis for the current year, ending in December.

The consensus among the eight analysts covering the stock is a moderate buy, based on three strong buy ratings, four holds, and one moderate sell. The average price target for GRMN is $294.14, which represents a 26.2% upside from its current market price.