Medtronic Stock Forecast

Stock Price Forecast

The 15 analysts with 12-month price forecasts for Medtronic stock have an average target of 94.07, with a low estimate of 76 and a high estimate of 106. The average target predicts an increase of 6.75% from the current stock price of 88.12.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$76	$94.07	$93	$106
Change	-13.75%	+6.75%	+5.54%	+20.29%

Analyst Ratings

The average analyst rating for Medtronic stock from 16 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	3	3	2	1	1	1
Buy	2	2	2	3	3	5
Hold	5	5	6	9	9	8
Sell	0	0	0	0	0	0
Strong Sell	2	2	2	2	2	2
Total	12	12	12	15	15	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mike Matson Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Oct 25, 2024
Richard Newitter Truist Securities	Truist Securities	Hold Maintains $90 → $93	Hold	Maintains	$90 → $93	+5.54%	Oct 14, 2024
Shagun Singh RBC Capital	RBC Capital	Hold → Buy Upgrades $98 → $105	Hold → Buy	Upgrades	$98 → $105	+19.16%	Oct 10, 2024
Shagun Singh RBC Capital	RBC Capital	Hold Maintains $92 → $98	Hold	Maintains	$92 → $98	+11.21%	Oct 8, 2024
Vijay Kumar Evercore ISI Group	Evercore ISI Group	Buy Maintains $100 → $104	Buy	Maintains	$100 → $104	+18.02%	Oct 1, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

33.96B

from 32.36B

4.92%

from 32.36B

Revenue Next Year

35.58B

from 33.96B

4.77%

from 33.96B

EPS This Year

5.51

from 2.76

99.58%

from 2.76

EPS Next Year

5.91

from 5.51

7.35%

from 5.51

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Apr 24, 2020	Apr 30, 2021	Apr 29, 2022	Apr 28, 2023	Apr 26, 2024	Apr 26, 2025	Apr 26, 2026	Apr 26, 2027
Revenue	28.91B	30.12B	31.69B	31.23B	32.36B	33.96B	35.58B	37.34B
Revenue Growth	-5.38%	4.16%	5.21%	-1.45%	3.64%	4.92%	4.77%	4.96%
EPS	3.54	2.66	3.73	2.82	2.76	5.51	5.91	6.38
EPS Growth	3.81%	-24.86%	40.23%	-24.40%	-2.13%	99.58%	7.35%	7.89%
Forward PE	-	-	-	-	-	16.00	14.90	13.81
No. Analysts	-	-	-	-	-	35	35	24

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	35.5B	37.4B	39.5B
Avg	34.0B	35.6B	37.3B
Low	32.8B	33.9B	35.6B

Revenue Growth

Revenue Growth	2025	2026	2027
High	9.7%	10.2%	10.9%
Avg	4.9%	4.8%	5.0%
Low	1.3%	-0.2%	0.1%

EPS Forecast

EPS	2025	2026	2027
High	5.74	6.25	6.83
Avg	5.51	5.91	6.38
Low	5.28	5.64	5.93

EPS Growth

EPS Growth	2025	2026	2027
High	108.1%	13.4%	15.4%
Avg	99.6%	7.4%	7.9%
Low	91.3%	2.3%	0.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.