-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We raise our target price by $54 to $255, applying a wider equity risk premium and a forward P/E of 24.5x our 2027 earnings estimate, just above the five-year historical average of 23.7x. We raise our 2026 EPS estimate by $0.01 to $9.35 and our 2027 estimate by $0.51 to $10.40 per share. Our revenue projections are $7.9B for 2026 and $8.7B for 2027. The primary driver is higher unit volumes, resulting in meaningful market share gains. During Q1 2026, GRMN achieved double-digit growth in three of its five segments, led by the Fitness segment with 42% growth, followed by the Aviation segment with 18% growth, and Marine segment 11% growth. By geography, GRMN realized growth in all three regions, led by 25% growth in APAC followed by EMEA with 15% growth, and 10% growth in Americas. EMEA and APAC regions benefited from favorable foreign currency impacts. The Fitness segment is expected to be the strongest contributor to growth in 2026.