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Garmin 2026 Revenue Guided $7.9B → Stock +9.4% on Earnings Beat, Morgan Stanley Upgrades

Garmin provided 2026 revenue guidance of $7.9 billion and the stock jumped 9.4% following a strong earnings beat, with Morgan Stanley upgrading the shares as the company benefits from robust aviation, marine, and wearables segment demand. Analyst consensus holds a Hold rating with an average price target of $260.25, slightly below current trading levels following the post-earnings surge. Risks include wearables market saturation from Apple Watch competition, potential aviation spending slowdown, and currency headwinds from significant international revenue exposure.