Medtronic Stock Forecast

Stock Price Forecast

The 16 analysts that cover Medtronic stock have a consensus rating of "Buy" and an average price target of $98, which forecasts a 12.42% increase in the stock price over the next year. The lowest target is $87 and the highest is $110.

Price Target: $98 (+12.42%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$87	$98	$98	$110
Change	-0.20%	+12.42%	+12.42%	+26.19%

Analyst Ratings

The average analyst rating for Medtronic stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '25	Feb '25	Mar '25	Apr '25	May '25	Jun '25
Strong Buy	0	0	1	1	1	1
Buy	6	6	6	6	6	7
Hold	8	8	7	7	7	8
Sell	0	0	0	0	0	0
Strong Sell	2	2	2	2	2	0
Total	16	16	16	16	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mike Polark Wolfe Research	Wolfe Research	Sell → Hold Upgrades n/a	Sell → Hold	Upgrades	n/a	n/a	Jun 30, 2025
Mike Kratky Leerink Partners	Leerink Partners	Buy Initiates $110	Buy	Initiates	$110	+26.19%	Jun 16, 2025
Mike Matson Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Jun 6, 2025
Anthony Petrone Mizuho	Mizuho	Buy Maintains $100 → $98	Buy	Maintains	$100 → $98	+12.42%	May 22, 2025
Shagun Singh RBC Capital	RBC Capital	Buy Maintains $105 → $101	Buy	Maintains	$105 → $101	+15.87%	May 22, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

35.66B

from 33.54B

6.32%

from 33.54B

Revenue Next Year

37.54B

from 35.66B

5.28%

from 35.66B

EPS This Year

5.60

from 3.61

55.21%

from 3.61

EPS Next Year

6.04

from 5.60

7.88%

from 5.60

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Apr 30, 2021	Apr 29, 2022	Apr 28, 2023	Apr 26, 2024	Apr 25, 2025	Apr 25, 2026	Apr 25, 2027	Apr 30, 2028
Revenue	30.12B	31.69B	31.23B	32.36B	33.54B	35.66B	37.54B	39.31B
Revenue Growth	4.16%	5.21%	-1.45%	3.64%	3.62%	6.32%	5.28%	4.73%
EPS	2.66	3.73	2.82	2.76	3.61	5.60	6.04	6.51
EPS Growth	-24.86%	40.23%	-24.40%	-2.13%	30.80%	55.21%	7.88%	7.65%
Forward PE	-	-	-	-	-	15.56	14.42	13.40
No. Analysts	-	-	-	-	-	36	35	18

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

Revenue Forecast

Revenue	2026	2027	2028
High	37.6B	40.0B	41.7B
Avg	35.7B	37.5B	39.3B
Low	34.5B	36.0B	37.5B

Revenue Growth

Revenue Growth	2026	2027	2028
High	12.1%	12.2%	11.0%
Avg	6.3%	5.3%	4.7%
Low	2.9%	1.0%	-0.0%

EPS Forecast

EPS	2026	2027	2028
High	5.87	6.46	6.94
Avg	5.60	6.04	6.51
Low	5.39	5.71	6.17

EPS Growth

EPS Growth	2026	2027	2028
High	62.6%	15.2%	14.8%
Avg	55.2%	7.9%	7.7%
Low	49.3%	2.0%	2.1%

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.