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

OverviewForecast
EarningsDividendOwnership

Analyst price target for MDT

Based on 19 analysts offering 12 month price targets for Medtronic plc.
Min Forecast
$105.00+1.81%
Avg Forecast
$136.00+31.87%
Max Forecast
$165.00+59.99%

Should I buy or sell MDT stock?

Based on 20 analysts offering ratings for Medtronic plc.
Buy
Strong Buy
8 analysts 40%
Buy
5 analysts 25%
Hold
7 analysts 35%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

MDT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Needham
Bottom 2%
2
BuyMaintains$128.00+24.12%2022-01-25
SVB Leerink
Bottom 3%
3
HoldMaintains$115.00+11.51%2022-01-21
Anonymous
Citigroup
Strong BuyMaintains$129.00+25.08%2022-01-19
BTIG
Top 14%
87
HoldDowngradesN/AN/A2022-01-10
Morgan Stanley
Bottom 17%
17
HoldDowngrades$120.00+16.36%2022-01-07
Piper Sandler
Bottom 9%
9
HoldDowngrades$110.00+6.66%2022-01-04
Credit Suisse
Top 27%
74
BuyMaintains$142.00+37.69%2021-12-20
Oppenheimer
Bottom 15%
15
BuyMaintains$136.00+31.87%2021-12-17
BTIG
Top 6%
95
Strong BuyMaintains$128.00+24.12%2021-12-17
JP Morgan
Top 26%
75
HoldDowngrades$105.00+1.81%2021-12-17

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Forecast return on equity

Is MDT forecast to generate an efficient return?
Company
19.16%
Industry
27.53%
Market
58.24%
MDT's Return on Equity is... subscribe to Premium to read more.
Forecast

Forecast return on assets

Is MDT forecast to generate an efficient return on assets?
Company
10.86%
Industry
14.48%
MDT is forecast to generate... subscribe to Premium to read more.
Forecast

MDT earnings per share forecast

What is MDT's earnings per share in the next 3 years based on estimates from 12 analysts?
Avg 1 year Forecast
$5.69+63.04%
Avg 2 year Forecast
$6.14+75.93%
Avg 3 year Forecast
$6.64+90.26%
MDT's earnings are forecast to... subscribe to Premium to read more.
Forecast

MDT revenue forecast

What is MDT's revenue in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$32.3B+1.66%
Avg 2 year Forecast
$34.0B+7.03%
Avg 3 year Forecast
$35.8B+12.45%
MDT's revenue is forecast to... subscribe to Premium to read more.
Forecast

MDT earnings growth forecast

How is MDT forecast to perform vs Medical Devices companies and vs the US market?
Company
23.85%
Industry
20.76%
Market
18.83%
MDT's earnings are forecast to... subscribe to Premium to read more.
Forecast
MDT's earnings are forecast to... subscribe to Premium to read more.
Forecast
MDT's earnings are forecast to... subscribe to Premium to read more.
Forecast

MDT revenue growth forecast

How is MDT forecast to perform vs Medical Devices companies and vs the US market?
Company
3.98%
Industry
8.18%
Market
11.5%
MDT's revenues are forecast to... subscribe to Premium to read more.
Forecast
MDT's revenues are forecast to... subscribe to Premium to read more.
Forecast

Medtronic Stock Forecast FAQ

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

The consensus among 20 Wall Street analysts covering (NYSE: MDT) stock is to Buy MDT stock.

Out of 20 analysts, 8 (40%) are recommending MDT as a Strong Buy, 5 (25%) are recommending MDT as a Buy, 7 (35%) are recommending MDT as a Hold, 0 (0%) are recommending MDT as a Sell, and 0 (0%) are recommending MDT as a Strong Sell.

What is MDT's earnings growth forecast for 2022-2024?

(NYSE: MDT) Medtronic's forecast annual earnings growth rate of 23.85% is forecast to beat the US Medical Devices industry's average forecast earnings growth rate of 20.76%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 18.83%.

Medtronic's earnings in 2022 is $4,704,000,000.On average, 12 Wall Street analysts forecast MDT's earnings for 2022 to be $7,650,533,791, with the lowest MDT earnings forecast at $7,583,305,902, and the highest MDT earnings forecast at $7,677,424,947. On average, 10 Wall Street analysts forecast MDT's earnings for 2023 to be $8,255,584,794, with the lowest MDT earnings forecast at $8,148,020,171, and the highest MDT earnings forecast at $8,336,258,261.

In 2024, MDT is forecast to generate $8,927,863,686 in earnings, with the lowest earnings forecast at $8,739,625,596 and the highest earnings forecast at $9,048,873,886.

What is MDT's revenue growth forecast for 2022-2024?

(NYSE: MDT) Medtronic's forecast annual revenue growth rate of 3.98% is not forecast to beat the US Medical Devices industry's average forecast revenue growth rate of 8.18%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 11.5%.

Medtronic's revenue in 2022 is $31,797,000,000.On average, 10 Wall Street analysts forecast MDT's revenue for 2022 to be $43,463,996,099,399, with the lowest MDT revenue forecast at $43,138,791,941,856, and the highest MDT revenue forecast at $43,723,674,577,896. On average, 10 Wall Street analysts forecast MDT's revenue for 2023 to be $45,759,265,145,867, with the lowest MDT revenue forecast at $45,265,653,781,321, and the highest MDT revenue forecast at $46,281,373,068,088.

In 2024, MDT is forecast to generate $48,074,046,414,897 in revenue, with the lowest revenue forecast at $47,446,351,714,457 and the highest revenue forecast at $48,495,456,371,001.

What is MDT's forecast return on assets (ROA) for 2022-2025?

(NYSE: MDT) forecast ROA is 10.86%, which is lower than the forecast US Medical Devices industry average of 14.48%.

What is MDT's Price Target?

According to 19 Wall Street analysts that have issued a 1 year MDT price target, the average MDT price target is $136.00, with the highest MDT stock price forecast at $165.00 and the lowest MDT stock price forecast at $105.00.

On average, Wall Street analysts predict that Medtronic's share price could reach $136.00 by Jan 25, 2023. The average Medtronic stock price prediction forecasts a potential upside of 31.87% from the current MDT share price of $103.13.

What is MDT's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: MDT) Medtronic's current Earnings Per Share (EPS) is $3.49. On average, analysts forecast that MDT's EPS will be $5.69 for 2022, with the lowest EPS forecast at $5.64, and the highest EPS forecast at $5.71. On average, analysts forecast that MDT's EPS will be $6.14 for 2023, with the lowest EPS forecast at $6.06, and the highest EPS forecast at $6.20. In 2024, MDT's EPS is forecast to hit $6.64 (min: $6.50, max: $6.73).

What is MDT's forecast return on equity (ROE) for 2022-2025?

(NYSE: MDT) forecast ROE is 19.16%, which is considered weak.
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