Medtronic plc (MDT)

Medtronic Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for Medtronic stock have an average target of 94.64, with a low estimate of 76 and a high estimate of 109. The average target predicts an increase of 2.50% from the current stock price of 92.33.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$76	$94.64	$95	$109
Change	-17.69%	+2.50%	+2.89%	+18.05%

Analyst Ratings

The average analyst rating for Medtronic stock from 15 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	1	1	1	1	1	1
Buy	5	5	5	5	5	5
Hold	8	8	8	8	8	7
Sell	0	0	0	0	0	0
Strong Sell	2	2	2	2	2	2
Total	16	16	16	16	16	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joanne Wuensch Citigroup	Citigroup	Hold → Strong Buy Upgrades $92 → $107	Hold → Strong Buy	Upgrades	$92 → $107	+15.89%	Mar 4, 2025
Shagun Singh RBC Capital	RBC Capital	Buy Reiterates $105	Buy	Reiterates	$105	+13.72%	Feb 19, 2025
Danielle Antalffy UBS	UBS	Hold Maintains $85 → $95	Hold	Maintains	$85 → $95	+2.89%	Feb 19, 2025
David Rescott Baird	Baird	Hold Maintains $90 → $91	Hold	Maintains	$90 → $91	-1.44%	Feb 19, 2025
Mike Matson Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Feb 19, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

33.83B

Increased by 4.52%

from 32.36B

Revenue Next Year

35.33B

Increased by 4.44%

from 33.83B

EPS This Year

5.51

Increased by 99.57%

from 2.76

EPS Next Year

5.90

Increased by 7.08%

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	33.83B	35.33B	37.13B
Revenue Growth	-5.38%	4.16%	5.21%	-1.45%	3.64%	4.52%	4.44%	5.11%
EPS	3.54	2.66	3.73	2.82	2.76	5.51	5.90	6.35
EPS Growth	3.81%	-24.86%	40.23%	-24.40%	-2.13%	99.57%	7.08%	7.67%
Forward PE	-	-	-	-	-	16.76	15.65	14.54
No. Analysts	-	-	-	-	-	34	34	29

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	39.2B
Avg	33.8B	35.3B	37.1B
Low	32.7B	33.9B	35.5B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	9.0%	9.9%	10.9%
Avg	4.5%	4.4%	5.1%
Low	1.2%	0.2%	0.4%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	5.75	6.34	6.83
Avg	5.51	5.90	6.35
Low	5.33	5.64	5.99

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	108.5%	15.1%	15.7%
Avg	99.6%	7.1%	7.7%
Low	93.2%	2.3%	1.5%

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.