Medtronic plc (MDT)
NYSE: MDT · Real-Time Price · USD
87.16
+1.24 (1.44%)
At close: Aug 7, 2026, 4:00 PM EDT
87.29
+0.13 (0.15%)
After-hours: Aug 7, 2026, 7:59 PM EDT

Medtronic Stock Forecast

Stock Price Forecast

According to 29 analysts polled by S&P Global, Medtronic stock has a consensus rating of "Buy" and an average price target of $98.44. The average 1-year stock price forecast is 12.94% higher than the current stock price, while the lowest is $78 (-10.51%) and the highest is $121 (+38.83%).

Price Target: $98.44 (+12.94%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$78$98.44$100$121
Change-10.51%+12.94%+14.73%+38.83%

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

Chart
RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy141414151516
Buy544233
Hold131312131210
Sell000000
Strong Sell000000
Total323130303029

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Wells Fargo
Wells Fargo
Buy
Maintains
$102
BuyMaintains$102+17.03%Aug 6, 2026
UBS
UBS
Buy
Upgrades
$85$100
BuyUpgrades$85$100+14.73%Jul 28, 2026
Citi
Citi
Buy
Maintains
$110
BuyMaintains$110+26.20%Jul 23, 2026
Piper Sandler
Piper Sandler
Hold
Reiterates
$85
HoldReiterates$85-2.48%Jul 14, 2026
RBC Capital
RBC Capital
Buy
Maintains
$118
BuyMaintains$118+35.38%Jul 14, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
38.84B
from 36.36B
Increased by 6.80%
Revenue Next Year
40.21B
from 38.84B
Increased by 3.54%
EPS This Year
5.95
from 5.53
Increased by 7.58%
EPS Next Year
6.41
from 5.95
Increased by 7.79%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingApr 29, 2022Apr 28, 2023Apr 26, 2024Apr 25, 2025Apr 24, 2026Apr 30, 2027
Revenue
31.69B31.23B32.36B33.54B36.36B38.84B
Revenue Growth
5.21%-1.45%3.64%3.62%8.43%6.80%
Gross Profit
21.66B20.61B21.27B21.93B23.75B25.30B
Gross Margin
68.35%65.98%65.73%65.39%65.31%65.13%
Operating Income
6.85B5.57B6.83B6.33B7.27B9.72B
Net Income
5.04B3.76B3.68B4.66B4.80B5.59B
EPS
----5.535.95
EPS Growth
----0.73%7.58%
Forward PE
18.0317.3214.8714.6414.2914.65
Dividend / Share
2.522.722.762.802.842.98
Dividend Growth
-7.94%1.47%1.45%1.43%4.76%
Free Cash Flow
-1.16B10.06B5.72B4.16B4.63B6.30B
No. Analysts
-----28
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202720282029
High39.0B
Avg38.8B
Low38.0B

Revenue Growth

Revenue Growth202720282029
High
7.3%
Avg
6.8%
Low
4.6%

EPS Forecast

EPS202720282029
High6.02
Avg5.95
Low5.88

EPS Growth

EPS Growth202720282029
High
8.9%
Avg
7.6%
Low
6.3%