10 Best Debt-Free S&P 500 Stocks to Buy Now

7. Garmin Ltd. (NYSE:GRMN)

On May 20, 2026, Tigress Financial raised the firm’s price target on Garmin Ltd. (NYSE:GRMN) to $325 from $320 and maintained a Strong Buy rating on the shares. Tigress said Garmin is positioned for “sustained outperformance,” driven by fitness and automotive opportunities. The firm also cited the company’s new product rollout and “halo-category introductions.”

Toward the end of April, Morgan Stanley lowered the firm’s price target on Garmin Ltd. (NYSE:GRMN) to $249 from $252 and maintained an Equal Weight rating on the shares. Morgan Stanley said Q1 was modestly better than expected, with Fitness remaining a standout, while noting upside risk to estimates this year.

On April 29, 2026, Garmin Ltd. (NYSE:GRMN) reported Q1 adjusted EPS of $2.08, ahead of the consensus estimate of $1.84. Revenue totaled $1.75B, above the consensus estimate of $1.71B. President and CEO Cliff Pemble said Garmin delivered “remarkable financial results” in the opening quarter, supported by its product lineup and diversified business model.

Garmin Ltd. (NYSE:GRMN) designs, develops, manufactures, markets, and distributes GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide.

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