Medtronic plc (MDT)
NYSE: MDT · Real-Time Price · USD
92.13
-0.64 (-0.69%)
At close: Sep 18, 2026, 4:00 PM EDT
92.40
+0.27 (0.29%)
After-hours: Sep 18, 2026, 7:55 PM EDT

Medtronic Stock Forecast

Stock Price Forecast

According to 28 analysts polled by S&P Global, Medtronic stock has a consensus rating of "Buy" and an average price target of $104.83. The average 1-year stock price forecast is 13.78% higher than the current stock price, while the lowest is $85 (-7.74%) and the highest is $121 (+31.34%).

Price Target: $104.83 (+13.78%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$85$104.83$106$121
Change-7.74%+13.78%+15.05%+31.34%

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
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy141515161716
Buy423333
Hold1213121099
Sell000000
Strong Sell000000
Total303030292928

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Needham
Needham
Buy
Maintains
$114
BuyMaintains$114+23.74%Sep 17, 2026
TD Cowen
TD Cowen
Buy
Reiterates
$110
BuyReiterates$110+19.40%Sep 15, 2026
Bank of America Securities
Bank of America Securities
Buy
Maintains
$110
BuyMaintains$110+19.40%Sep 14, 2026
William Blair
William Blair
Buy
Maintains
n/a
BuyMaintainsn/an/aSep 10, 2026
Citi
Citi
Buy
Maintains
$110
BuyMaintains$110+19.40%Sep 10, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
39.06B
from 36.36B
Increased by 7.41%
Revenue Next Year
40.40B
from 39.06B
Increased by 3.43%
EPS This Year
5.97
from 5.53
Increased by 8.03%
EPS Next Year
6.41
from 5.97
Increased by 7.24%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingApr 29, 2022Apr 28, 2023Apr 26, 2024Apr 25, 2025Apr 24, 2026Apr 30, 2027
Revenue
31.69B31.23B32.36B33.54B36.36B39.06B
Revenue Growth
5.21%-1.45%3.64%3.62%8.43%7.41%
Gross Profit
21.66B20.61B21.27B21.93B23.75B25.41B
Gross Margin
68.35%65.98%65.73%65.39%65.31%65.04%
Operating Income
6.85B5.57B6.83B6.33B7.27B9.71B
Net Income
5.04B3.76B3.68B4.66B4.80B6.04B
EPS
----5.535.97
EPS Growth
----0.73%8.03%
Forward PE
18.0317.3214.8714.6414.2915.42
Dividend / Share
2.522.722.762.802.842.82
Dividend Growth
8.62%7.94%1.47%1.45%1.43%-0.83%
Free Cash Flow
----4.63B6.10B
No. Analysts
-----24
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202720282029
High39.2B
Avg39.1B
Low39.0B

Revenue Growth

Revenue Growth202720282029
High
7.8%
Avg
7.4%
Low
7.2%

EPS Forecast

EPS202720282029
High6.01
Avg5.97
Low5.94

EPS Growth

EPS Growth202720282029
High
8.7%
Avg
8.0%
Low
7.4%