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

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for MDT

Based on 13 analysts offering 12 month price targets for Medtronic PLC.
Min Forecast
$76.00-15.56%
Avg Forecast
$93.46+3.84%
Max Forecast
$106.00+17.76%

Should I buy or sell MDT stock?

Based on 13 analysts offering ratings for Medtronic PLC.
Hold
Strong Buy
2 analysts 15.38%
Buy
2 analysts 15.38%
Hold
7 analysts 53.85%
Sell
0 analysts 0%
Strong Sell
2 analysts 15.38%

Be the first to know when Wall Street analysts revise their MDT stock forecasts and price targets.

MDT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-10-14
lockedlocked$00.00+00.00%2024-10-10
lockedlocked$00.00+00.00%2024-10-01
lockedlocked$00.00+00.00%2024-10-01
lockedlocked$00.00+00.00%2024-08-22
Oppenheimer
Top 22%
79
HoldMaintains$94.00+4.43%2024-08-21
Piper Sandler
Bottom 3%
3
HoldMaintains$90.00-0.01%2024-08-21
Wells Fargo
Top 10%
91
Strong BuyMaintains$106.00+17.76%2024-08-21
Baird
Bottom 18%
18
HoldMaintains$90.00-0.01%2024-08-21
Stifel Nicolaus
Top 8%
93
HoldMaintains$87.00-3.34%2024-08-21

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Forecast return on equity

Is MDT forecast to generate an efficient return?
Company
17.06%
Industry
25.38%
Market
49.42%
MDT's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MDT forecast to generate an efficient return on assets?
Company
9.11%
Industry
13.53%
MDT is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry 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
$5.44+82.45%
Avg 2 year Forecast
$5.83+95.65%
Avg 3 year Forecast
$6.38+114.01%
MDT's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

MDT revenue forecast

What is MDT's revenue in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$33.6B+3.13%
Avg 2 year Forecast
$35.2B+8.01%
Avg 3 year Forecast
$36.8B+12.88%
MDT's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MDT earnings growth forecast

How is MDT forecast to perform vs Medical Devices companies and vs the US market?
Company
28.46%
Industry
27.66%
Market
18.85%
MDT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
MDT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MDT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MDT revenue growth forecast

How is MDT forecast to perform vs Medical Devices companies and vs the US market?
Company
4.12%
Industry
7.24%
Market
9.86%
MDT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MDT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MDT vs Medical Device Stocks

TickerPricePrice TargetUp/downsideConsensus
MDT$90.01$93.46+3.84%Hold
BSX$87.55$89.63+2.38%Strong Buy
SYK$359.71$381.07+5.94%Buy
EW$69.63$75.26+8.09%Buy
PHG$32.38N/AN/A
View Top Medical Device Stocks

Medtronic Stock Forecast FAQ

Is Medtronic Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 13 Wall Street analysts covering (NYSE: MDT) stock is to Hold MDT stock.

Out of 13 analysts, 2 (15.38%) are recommending MDT as a Strong Buy, 2 (15.38%) are recommending MDT as a Buy, 7 (53.85%) are recommending MDT as a Hold, 0 (0%) are recommending MDT as a Sell, and 2 (15.38%) are recommending MDT as a Strong Sell.

If you're new to stock investing, here's how to buy Medtronic stock.

What is MDT's earnings growth forecast for 2025-2027?

(NYSE: MDT) Medtronic's forecast annual earnings growth rate of 28.46% is forecast to beat the US Medical Devices industry's average forecast earnings growth rate of 27.66%, and it is also forecast to beat the US market's average forecast earnings growth rate of 18.85%.

Medtronic's earnings in 2024 is $3,927,000,000.On average, 14 Wall Street analysts forecast MDT's earnings for 2025 to be $6,972,772,561, with the lowest MDT earnings forecast at $6,668,950,564, and the highest MDT earnings forecast at $7,015,222,997. On average, 13 Wall Street analysts forecast MDT's earnings for 2026 to be $7,477,560,819, with the lowest MDT earnings forecast at $7,028,047,902, and the highest MDT earnings forecast at $7,617,993,528.

In 2027, MDT is forecast to generate $8,179,083,119 in earnings, with the lowest earnings forecast at $8,041,215,391 and the highest earnings forecast at $8,272,063,680.

What is MDT's revenue growth forecast for 2025-2027?

(NYSE: MDT) Medtronic's forecast annual revenue growth rate of 4.12% is not forecast to beat the US Medical Devices industry's average forecast revenue growth rate of 7.24%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.86%.

Medtronic's revenue in 2024 is $32,577,000,000.On average, 11 Wall Street analysts forecast MDT's revenue for 2025 to be $43,087,255,972,599, with the lowest MDT revenue forecast at $42,963,431,515,500, and the highest MDT revenue forecast at $43,157,087,579,943. On average, 11 Wall Street analysts forecast MDT's revenue for 2026 to be $45,127,797,098,730, with the lowest MDT revenue forecast at $44,875,624,840,563, and the highest MDT revenue forecast at $45,369,383,680,368.

In 2027, MDT is forecast to generate $47,162,869,685,399 in revenue, with the lowest revenue forecast at $46,759,346,876,681 and the highest revenue forecast at $47,457,278,202,972.

What is MDT's forecast return on assets (ROA) for 2025-2027?

(NYSE: MDT) forecast ROA is 9.11%, which is lower than the forecast US Medical Devices industry average of 13.53%.

What is MDT's Price Target?

According to 13 Wall Street analysts that have issued a 1 year MDT price target, the average MDT price target is $93.46, with the highest MDT stock price forecast at $106.00 and the lowest MDT stock price forecast at $76.00.

On average, Wall Street analysts predict that Medtronic's share price could reach $93.46 by Oct 14, 2025. The average Medtronic stock price prediction forecasts a potential upside of 3.84% from the current MDT share price of $90.01.

What is MDT's Earnings Per Share (EPS) forecast for 2025-2027?

(NYSE: MDT) Medtronic's current Earnings Per Share (EPS) is $2.98. On average, analysts forecast that MDT's EPS will be $5.44 for 2025, with the lowest EPS forecast at $5.20, and the highest EPS forecast at $5.47. On average, analysts forecast that MDT's EPS will be $5.83 for 2026, with the lowest EPS forecast at $5.48, and the highest EPS forecast at $5.94. In 2027, MDT's EPS is forecast to hit $6.38 (min: $6.27, max: $6.45).

What is MDT's forecast return on equity (ROE) for 2025-2027?

(NYSE: MDT) forecast ROE is 17.06%, which is considered weak.
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