Garmin stock trades at $206.92 on the NYSE under ticker GRMN. The company holds a market capitalization of approximately $39.83 billion. Recent trading shows the stock fluctuating between $169.26 and $261.69 over the past 52 weeks.
Stock Price of Garmin
Garmin Stock Forecast
Analysts project GRMN could reach $230.00 in the next 12 months, representing a 13.4% increase. The consensus rating stands at neutral, with 3 buy, 3 hold, and 3 sell ratings from 8 analysts. Price targets range from $185.00 to $310.00. The company's strong performance across its five business segments supports positive analyst sentiment. Garmin reported record 2024 revenue of $6.30 billion, marking a 20 percent increase from 2023.
Garmin Valuation
Timeline of Garmin Funding
1989: Company Founded
Gary Burrell and Min Kao established Garmin in October 1989, originally under the name ProNav, with approximately $4 million from their personal savings. The founders rented office space in Lenexa, Kansas to begin operations.
1991: First Customer
The U.S. Army became Garmin's first customer in 1991. This pivotal contract established credibility in defense applications and military markets.
1995: Revenue Milestone
By 1995, Garmin's sales had reached $102 million with a profit of $23 million. The company demonstrated strong market traction in GPS technology.
2000: Initial Public Offering
Garmin Ltd. became a public company on December 8, 2000 with shares offered at $14, rising 42 percent to $20 in the first day of trading. The offering raised $147 million, marking one of the most successful IPOs following the dot-com bust.
2024: Record Performance
Garmin achieved record revenue of $6.30 billion in 2024. All five business segments reached record annual revenues, demonstrating diversified growth across aviation, marine, automotive, outdoor, and fitness markets.
Garmin Investors
The Vanguard Group, Inc.
Ownership: 10.46% (20.12M shares)
Type: Institutional Investor
Role: Largest institutional shareholder with significant influence over share price
Dr. Min Kao
Ownership: 9.71% (18.68M shares)
Type: Co-founder & Executive Chairman
Role: Co-founded Garmin in 1989, served as CEO from 2003, became Chairman in 2004
BlackRock, Inc.
Ownership: 6.406% (12.32M shares)
Type: Institutional Investor
Role: Second largest institutional shareholder controlling approximately 8.5% of company stock
Jonathan Burrell
Ownership: 5.002% (9.62M shares)
Type: Insider (Family of Co-founder)
Role: Shares inherited from co-founder Gary Burrell, who passed away in 2019
State Street Corporation
Ownership: 3.77% (7.25M shares)
Type: Institutional Investor
Role: Major institutional holder with significant voting rights
Geode Capital Management
Ownership: Significant institutional position
Type: Institutional Investor
Role: Active institutional investor in technology sector