Medtronic Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Medtronic stock have an average target of 90.82, with a low estimate of 76 and a high estimate of 105. The average target predicts an increase of 14.27% from the current stock price of 79.48.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$76	$90.82	$92	$105
Change	-4.38%	+14.27%	+15.75%	+32.11%

Analyst Ratings

The average analyst rating for Medtronic stock from 12 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	3	3	3	3	3	2
Buy	5	5	5	2	2	2
Hold	4	4	4	5	5	6
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	2	2	2
Total	13	13	13	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Shagun Singh RBC Capital	RBC Capital	Hold Reiterates $92	Hold	Reiterates	$92	+15.75%	Jul 17, 2024
Richard Newitter Truist Securities	Truist Securities	Hold Maintains $88 → $85	Hold	Maintains	$88 → $85	+6.95%	Jul 16, 2024
Joanne Wuensch Citigroup	Citigroup	Hold Maintains $90 → $85	Hold	Maintains	$90 → $85	+6.95%	Jul 10, 2024
Shagun Singh RBC Capital	RBC Capital	Hold Reiterates $92	Hold	Reiterates	$92	+15.75%	Jun 5, 2024
David Roman Goldman Sachs	Goldman Sachs	Strong Sell Initiates $83	Strong Sell	Initiates	$83	+4.43%	May 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

33.74B

from 32.36B

4.26%

from 32.36B

Revenue Next Year

35.35B

from 33.74B

4.76%

from 33.74B

EPS This Year

5.49

from 2.76

99.01%

from 2.76

EPS Next Year

5.88

from 5.49

7.00%

from 5.49

Year	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029
Revenue	28.91B	30.12B	31.69B	31.23B	32.36B	33.74B	35.35B	37.10B	39.33B	41.01B
Revenue Growth	-5.38%	4.16%	5.21%	-1.45%	3.64%	4.26%	4.76%	4.94%	6.03%	4.26%
EPS	3.54	2.66	3.73	2.82	2.76	5.49	5.88	6.29	6.83	7.46
EPS Growth	3.81%	-24.86%	40.23%	-24.40%	-2.13%	99.01%	7.00%	6.98%	8.69%	9.17%
Forward PE	-	-	-	-	-	14.47	13.52	12.64	11.63	10.65
No. Analysts	-	-	-	-	-	35	34	18	6	4

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	35.3B	37.2B	39.9B	42.3B	42.8B
Avg	33.7B	35.3B	37.1B	39.3B	41.0B
Low	32.6B	33.7B	34.9B	37.8B	39.6B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	9.0%	10.1%	13.0%	14.1%	8.8%
Avg	4.3%	4.8%	4.9%	6.0%	4.3%
Low	0.8%	-0.0%	-1.3%	1.8%	0.8%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	5.75	6.27	6.72	7.25	7.98
Avg	5.49	5.88	6.29	6.83	7.46
Low	5.30	5.51	5.75	6.37	7.11

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	108.5%	14.1%	14.3%	15.2%	16.8%
Avg	99.0%	7.0%	7.0%	8.7%	9.2%
Low	92.0%	0.3%	-2.1%	1.3%	4.1%

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.