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Is Garmin Stock Underperforming the Nasdaq?
Yahoo Finance· 2026-03-12 13:45
Company Overview - Garmin Ltd. is based in Schaffhausen, Switzerland, and specializes in developing, manufacturing, marketing, and distributing a wide range of GPS-enabled products and services globally, with a market capitalization of $46.5 billion [1] - The company offers various products including running and cycling devices, smartwatches, scales, monitors, and platforms like Garmin Connect for tracking fitness and wellness data [1] Market Position - Garmin is classified as a large-cap stock, with a market cap exceeding $10 billion, indicating its significant size and influence in the scientific and technical instruments industry [2] Stock Performance - Garmin's stock reached a 52-week high of $261.69 on October 9, 2025, but has since declined by 9.8% from that peak [3] - Over the past three months, Garmin's stock has surged by 12%, outperforming the Nasdaq Composite, which declined by 3.7% during the same period [3] - In the longer term, Garmin's stock is up nearly 10.7% over the past 52 weeks, but this is underperforming the Nasdaq Composite's return of 30.3% [6] Earnings Report - Following the release of better-than-expected Q4 2025 earnings, Garmin's stock rose by 9.4%. The company's consolidated revenue increased by nearly 17% year-over-year to $2.1 billion, surpassing market expectations [7] - The adjusted EPS for the quarter rose by 16% from the previous year to $2.79, also exceeding Wall Street's projections [7] Analyst Sentiment - Compared to its closest peer, Coherent Corp., which saw a 278% increase in shares over the past 52 weeks, Garmin's stock has underperformed [8] - Wall Street analysts maintain a cautiously optimistic view of Garmin, with an overall consensus rating of "Moderate Buy" among eight analysts. The mean price target of $257.83 suggests a 9.2% upside potential from current price levels [8]