Garmin Q2 revenue and profit soar, UBS targets $370, but DCF values stock lower at $256.

Garmin reported strong Q2 2026 results with $2.02 billion revenue and a 30% rise in operating income, prompting a raised full-year forecast. UBS set a bullish price target of $370, implying over 22% upside from current prices. However, a Discounted Cash Flow (DCF) analysis values Garmin at about $256, suggesting the stock may be overvalued despite positive analyst sentiment. Investors face contrasting views between optimistic price targets and conservative intrinsic value estimates.