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

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Analyst price target for MDT

Based on 17 analysts offering 12 month price targets for Medtronic PLC.
Min Forecast
$85.00+7.43%
Avg Forecast
$100.77+27.36%
Max Forecast
$128.00+61.78%

Should I buy or sell MDT stock?

Based on 21 analysts offering ratings for Medtronic PLC.
Buy
Strong Buy
4 analysts 19.05%
Buy
2 analysts 9.52%
Hold
14 analysts 66.67%
Sell
1 analysts 4.76%
Strong Sell
0 analysts 0%

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MDT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Barclays
Bottom 7%
7
HoldMaintains$85.00+7.43%2022-11-25
RBC Capital
Bottom 14%
14
BuyMaintains$102.00+28.92%2022-11-23
Oppenheimer
Bottom 13%
13
HoldDowngrades$85.00+7.43%2022-11-23
Morgan Stanley
Bottom 18%
18
HoldMaintains$88.00+11.22%2022-11-23
Citigroup
Top 6%
95
HoldDowngrades$85.00+7.43%2022-11-23
Truist Securities
Top 6%
95
HoldMaintains$89.00+12.49%2022-10-17
Mizuho
Top 12%
89
Strong BuyInitiates Coverage On$100.00+26.39%2022-10-13
Jefferies
Top 29%
72
HoldInitiates Coverage On$87.00+9.96%2022-10-12
Wells Fargo
Top 15%
86
HoldMaintains$96.00+21.33%2022-08-24
Raymond James
Bottom 7%
7
HoldDowngradesN/AN/A2022-08-24

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Forecast return on equity

Is MDT forecast to generate an efficient return?
Company
15.65%
Industry
18.46%
Market
66.85%
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
9.17%
Industry
12.95%
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 13 analysts?
Avg 1 year Forecast
$5.53+42.53%
Avg 2 year Forecast
$5.85+50.77%
Avg 3 year Forecast
$6.20+59.79%
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 10 analysts?
Avg 1 year Forecast
$31.6B+1.86%
Avg 2 year Forecast
$33.0B+6.31%
Avg 3 year Forecast
$34.6B+11.38%
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
16.85%
Industry
22.81%
Market
16.47%
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
3.6%
Industry
4.5%
Market
6.76%
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$79.12$100.77+27.36%Buy
SYK$232.74$253.44+8.90%Buy
BSX$44.15$48.25+9.29%Strong Buy
EW$76.36$105.06+37.59%Strong Buy
ZBH$119.21$122.60+2.84%Hold

Medtronic Stock Forecast FAQ

Is Medtronic Stock a good buy in 2022, according to Wall Street analysts?

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

Out of 21 analysts, 4 (19.05%) are recommending MDT as a Strong Buy, 2 (9.52%) are recommending MDT as a Buy, 14 (66.67%) are recommending MDT as a Hold, 1 (4.76%) are recommending MDT as a Sell, and 0 (0%) 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 2023-2025?

(NYSE: MDT) Medtronic's forecast annual earnings growth rate of 16.85% is not forecast to beat the US Medical Devices industry's average forecast earnings growth rate of 22.81%, and while it is forecast to beat the US market's average forecast earnings growth rate of 16.47%.

Medtronic's earnings in 2022 is $5,205,000,000.On average, 13 Wall Street analysts forecast MDT's earnings for 2023 to be $7,350,217,688, with the lowest MDT earnings forecast at $7,310,343,090, and the highest MDT earnings forecast at $7,416,675,353. On average, 11 Wall Street analysts forecast MDT's earnings for 2024 to be $7,775,546,741, with the lowest MDT earnings forecast at $7,576,173,747, and the highest MDT earnings forecast at $8,067,960,464.

In 2025, MDT is forecast to generate $8,240,750,392 in earnings, with the lowest earnings forecast at $7,735,672,142 and the highest earnings forecast at $8,559,747,181.

What is MDT's revenue growth forecast for 2023-2025?

(NYSE: MDT) Medtronic's forecast annual revenue growth rate of 3.6% is not forecast to beat the US Medical Devices industry's average forecast revenue growth rate of 4.5%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 6.76%.

Medtronic's revenue in 2022 is $31,070,000,000.On average, 10 Wall Street analysts forecast MDT's revenue for 2023 to be $42,064,566,124,241, with the lowest MDT revenue forecast at $41,026,974,571,563, and the highest MDT revenue forecast at $42,596,040,029,228. On average, 10 Wall Street analysts forecast MDT's revenue for 2024 to be $43,904,364,157,036, with the lowest MDT revenue forecast at $41,078,811,549,834, and the highest MDT revenue forecast at $45,041,017,504,343.

In 2025, MDT is forecast to generate $45,997,945,402,218 in revenue, with the lowest revenue forecast at $42,377,394,313,187 and the highest revenue forecast at $48,268,693,476,752.

What is MDT's forecast return on assets (ROA) for 2023-2025?

(NYSE: MDT) forecast ROA is 9.17%, which is lower than the forecast US Medical Devices industry average of 12.95%.

What is MDT's Price Target?

According to 17 Wall Street analysts that have issued a 1 year MDT price target, the average MDT price target is $100.77, with the highest MDT stock price forecast at $128.00 and the lowest MDT stock price forecast at $85.00.

On average, Wall Street analysts predict that Medtronic's share price could reach $100.77 by Nov 25, 2023. The average Medtronic stock price prediction forecasts a potential upside of 27.36% from the current MDT share price of $79.12.

What is MDT's Earnings Per Share (EPS) forecast for 2023-2025?

(NYSE: MDT) Medtronic's current Earnings Per Share (EPS) is $3.88. On average, analysts forecast that MDT's EPS will be $5.53 for 2023, with the lowest EPS forecast at $5.50, and the highest EPS forecast at $5.58. On average, analysts forecast that MDT's EPS will be $5.85 for 2024, with the lowest EPS forecast at $5.70, and the highest EPS forecast at $6.07. In 2025, MDT's EPS is forecast to hit $6.20 (min: $5.82, max: $6.44).

What is MDT's forecast return on equity (ROE) for 2023-2025?

(NYSE: MDT) forecast ROE is 15.65%, which is considered weak.
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