NYSE: MDT
Medtronic plc Stock Forecast, Predictions & Price Target

Analyst price target for MDT

Based on 20 analysts offering 12 month price targets for Medtronic plc.
Min Forecast
$92.00-15.19%
Avg Forecast
$119.05+9.74%
Max Forecast
$138.00+27.21%

Should I buy or sell MDT stock?

Strong Buy
Strong Buy
15 analysts 71.43%
Buy
3 analysts 14.29%
Hold
3 analysts 14.29%
Sell
0 analysts 0.00%
Strong Sell
0 analysts 0.00%

Forecast return on equity

Is MDT forecast to generate an efficient return?
Company
16.42%
Industry
31.71%
Market
-1.26%
MDT's Return on Equity is forecast to be low in 3 years (16.42%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is MDT forecast to generate an efficient return on assets?
Company
8.79%
Industry
13.88%
Market
11.45%
MDT is forecast to generate lower Return on Assets (8.79%) than the US Medical Devices industry average (13.88%)
Forecast

MDT earnings per share forecast

What is MDT's earnings per share in the next 3 years based on estimates from 14 analysts?
Avg 1 year Forecast
$3.93+19.58%
Avg 2 year Forecast
$5.35+62.75%
Avg 3 year Forecast
$6.16+87.11%
MDT's earnings are forecast to grow at an exceptional rate of 24.64% per year
Forecast

MDT revenue forecast

What is MDT's revenue in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$29.1B+4.31%
Avg 2 year Forecast
$32.0B+14.67%
Avg 3 year Forecast
$33.6B+20.17%
MDT's revenue is forecast to grow at a rate of 6.73% per year, which is not exceptional
Forecast

MDT earnings growth forecast

How is MDT forecast to perform vs Medical Devices companies and vs the US market?
Company
24.64%
Industry
34.55%
Market
14.77%
MDT's earnings are forecast to grow slower (24.64% per year) than the US Medical Devices industry average (34.55%)
Forecast
MDT's earnings are forecast to grow faster (24.64% per year) than the US market average (14.77%)
Forecast

MDT revenue growth forecast

How is MDT forecast to perform vs Medical Devices companies and vs the US market?
Company
6.73%
Industry
8.69%
Market
5.69%
MDT's revenues are forecast to grow slower (6.73% per year) than the US Medical Devices industry average (8.69%)
Forecast
MDT's revenues are forecast to grow faster (6.73% per year) than the US market average (5.69%)
Forecast

Medtronic Stock Forecast FAQ

The consensus among 21 Wall Street analysts covering (NYSE: MDT) stock is to Strong Buy MDT stock.

Out of 21 analysts, 15 (71.43%) are recommending MDT as a Strong Buy, 3 (14.29%) are recommending MDT as a Buy, 3 (14.29%) are recommending MDT as a Hold, 0 (0.00%) are recommending MDT as a Sell, and 0 (0.00%) are recommending MDT as a Strong Sell.
According to 20 Wall Street analysts that have issued a 1 year MDT price target, the average MDT price target is $119.05, with the highest MDT stock price forecast at $138.00 and the lowest MDT stock price forecast at $92.00.

On average, Wall Street analysts predict that Medtronic's share price could reach $119.05 by Oct 15, 2021. The average Medtronic stock price prediction forecasts a potential upside of 9.74% from the current MDT share price of $108.48.
(NYSE: MDT) Medtronic's forecast annual earnings growth rate of 24.64% is not forecast to beat the US Medical Devices industry's average forecast earnings growth rate of 34.55%, and while it is forecast to beat the US market's average forecast earnings growth rate of 14.77%.

Medtronic's earnings in 2020 is $4,412,000,000.On average, 14 Wall Street analysts forecast MDT's earnings for 2021 to be $5,277,072,191, with the lowest MDT earnings forecast at $5,029,870,808, and the highest MDT earnings forecast at $5,405,434,494. On average, 13 Wall Street analysts forecast MDT's earnings for 2022 to be $7,182,118,994, with the lowest MDT earnings forecast at $2,105,839,245, and the highest MDT earnings forecast at $8,141,684,214.

In 2023, MDT is forecast to generate $8,257,035,918 in earnings, with the lowest earnings forecast at $7,779,533,516 and the highest earnings forecast at $8,879,398,599.
(NYSE: MDT) Medtronic's forecast annual revenue growth rate of 6.73% is not forecast to beat the US Medical Devices industry's average forecast revenue growth rate of 8.69%, and while it is forecast to beat the US market's average forecast revenue growth rate of 5.69%.

Medtronic's revenue in 2020 is $27,927,000,000.On average, 11 Wall Street analysts forecast MDT's revenue for 2021 to be $39,073,569,537,282, with the lowest MDT revenue forecast at $38,688,424,952,408, and the highest MDT revenue forecast at $39,764,455,154,515. On average, 10 Wall Street analysts forecast MDT's revenue for 2022 to be $42,953,196,075,534, with the lowest MDT revenue forecast at $41,657,711,939,447, and the highest MDT revenue forecast at $45,302,490,456,449.

In 2023, MDT is forecast to generate $45,012,270,934,753 in revenue, with the lowest revenue forecast at $42,397,116,361,138 and the highest revenue forecast at $47,971,849,600,484.
(NYSE: MDT) Medtronic's current Earnings Per Share (EPS) is $3.29. On average, analysts forecast that MDT's EPS will be $3.93 for 2021, with the lowest EPS forecast at $3.75, and the highest EPS forecast at $4.03. On average, analysts forecast that MDT's EPS will be $5.35 for 2022, with the lowest EPS forecast at $1.57, and the highest EPS forecast at $6.07. In 2023, MDT's EPS is forecast to hit $6.16 (min: $5.80, max: $6.62).
(NYSE: MDT) forecast ROE is 16.42%, which is considered weak.
(NYSE: MDT) forecast ROA is 8.79%, which is lower than the forecast US Medical Devices industry average of 13.88%.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.
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