Morgan Stanley Upgrades Garmin (GRMN), Raises Price Target to $252 from $195

We recently published an article titled 13 Best Internet of Things (IoT) Stocks to Buy Now. On February 19, Morgan Stanley upgraded Garmin Ltd. (NYSE:GRMN) to Equal Weight from Underweight and raised its price target to $252 from $195, stating that its prior negative thesis has largely played out. The firm cited stronger-than-expected 2026 revenue and margin guidance, which it views as conservative, as a catalyst for improved sentiment. The company reported full-year 2025 consolidated revenue of $7.246 ...