Medtronic plc (MDT)
NYSE: MDT · Real-Time Price · USD
84.74
+0.63 (0.75%)
Nov 21, 2024, 4:00 PM EST - Market closed

Medtronic Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Medtronic stock have an average target of 93.94, with a low estimate of 76 and a high estimate of 105. The average target predicts an increase of 10.86% from the current stock price of 84.74.

Analyst Consensus: Hold
Target Low Average Median High
Price $76 $93.94 $94 $105
Change -10.31% +10.86% +10.93% +23.91%

Analyst Ratings

The average analyst rating for Medtronic stock from 17 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 321111
Buy 223356
Hold 569988
Sell 000000
Strong Sell 222222
Total 121215151617

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Bernstein
Bernstein
Buy
Maintains
$96$97
Buy Maintains $96$97 +14.47% Nov 20, 2024
Wells Fargo
Wells Fargo
Buy
Maintains
$106$98
Buy Maintains $106$98 +15.65% Nov 20, 2024
Baird
Baird
Hold
Maintains
$96$93
Hold Maintains $96$93 +9.75% Nov 20, 2024
Needham
Needham
Hold
Reiterates
n/a
Hold Reiterates n/a n/a Nov 20, 2024
Needham
Needham
Hold
Reiterates
n/a
Hold Reiterates n/a n/a Nov 18, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
33.96B
from 32.36B
Increased by 4.92%
Revenue Next Year
35.58B
from 33.96B
Increased by 4.77%
EPS This Year
5.51
from 2.76
Increased by 99.58%
EPS Next Year
5.91
from 5.51
Increased by 7.35%
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
28.91B30.12B31.69B31.23B32.36B33.96B35.58B37.34B
Revenue Growth
-5.38%4.16%5.21%-1.45%3.64%4.92%4.77%4.96%
EPS
3.542.663.732.822.765.515.916.38
EPS Growth
3.81%-24.86%40.23%-24.40%-2.13%99.58%7.35%7.89%
Forward PE
-----15.3814.3313.28
No. Analysts -----353524
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20252026202720282029
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 20252026202720282029
High
9.7%
10.2%
10.9%
Avg
4.9%
4.8%
5.0%
Low
1.3%
-0.2%
0.1%

EPS Forecast

EPS 20252026202720282029
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 20252026202720282029
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.