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

OverviewForecast
EarningsDividendOwnership

Analyst price target for MDT

Based on 14 analysts offering 12 month price targets for Medtronic plc.
Min Forecast
$138.00+4.82%
Avg Forecast
$148.93+13.12%
Max Forecast
$165.00+25.33%

Should I buy or sell MDT stock?

Based on 14 analysts offering ratings for Medtronic plc.
Strong Buy
Strong Buy
9 analysts 64.29%
Buy
3 analysts 21.43%
Hold
2 analysts 14.29%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

MDT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Argus Research
Top 28%
73
Strong BuyMaintains$165.00+25.33%2021-08-27
Truist Securities
Top 10%
91
Strong BuyMaintains$148.00+12.42%2021-08-25
Citigroup
Top 5%
96
Strong BuyMaintains$153.00+16.22%2021-08-25
UBS
Top 21%
80
Strong BuyMaintains$149.00+13.18%2021-08-25
Stifel Nicolaus
Top 10%
91
Strong BuyMaintains$145.00+10.14%2021-08-25
Morgan Stanley
Top 6%
95
Strong BuyMaintains$154.00+16.98%2021-08-25
Raymond James
Top 8%
93
BuyMaintains$142.00+7.86%2021-08-25
Wells Fargo
Top 9%
92
Strong BuyMaintains$151.00+14.70%2021-08-25
Credit Suisse
Top 15%
86
BuyMaintains$146.00+10.90%2021-08-25
Deutsche Bank
Top 24%
77
Strong BuyMaintains$149.00+13.18%2021-05-28

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Forecast return on equity

Is MDT forecast to generate an efficient return?
Company
17.98%
Industry
27.04%
Market
30.41%
MDT's Return on Equity is forecast to be low in 3 years (17.98%); 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
10.09%
Industry
14.62%
Market
15.13%
MDT is forecast to generate lower Return on Assets (10.09%) than the US Medical Devices industry average (14.62%)
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
$5.70+97.92%
Avg 2 year Forecast
$6.31+119.18%
Avg 3 year Forecast
$6.88+138.89%
MDT's earnings are forecast to grow at an exceptional rate of 33.79% 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
$33.0B+4.43%
Avg 2 year Forecast
$34.8B+10.11%
Avg 3 year Forecast
$36.7B+16.3%
MDT's revenue is forecast to grow at a rate of 5.11% 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
33.79%
Industry
24.94%
Market
18.84%
MDT's earnings are forecast to grow faster (33.79% per year) than the US Medical Devices industry average (24.94%)
Forecast
MDT's earnings are forecast to grow faster (33.79% per year) than the US market average (18.84%)
Forecast
MDT's earnings are forecast to grow faster (33.79% per year) than the risk-free savings rate (1.3%)
Forecast

MDT revenue growth forecast

How is MDT forecast to perform vs Medical Devices companies and vs the US market?
Company
5.11%
Industry
7.47%
Market
12.2%
MDT's revenues are forecast to grow slower (5.11% per year) than the US Medical Devices industry average (7.47%)
Forecast
MDT's revenues are forecast to grow slower (5.11% per year) than the US market average (12.2%)
Forecast

Medtronic Stock Forecast FAQ

Is Medtronic Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 14 Wall Street analysts covering (NYSE: MDT) stock is to Strong Buy MDT stock.

Out of 14 analysts, 9 (64.29%) are recommending MDT as a Strong Buy, 3 (21.43%) are recommending MDT as a Buy, 2 (14.29%) 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 33.79% is forecast to beat the US Medical Devices industry's average forecast earnings growth rate of 24.94%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 18.84%.

Medtronic's earnings in 2021 is $3,882,000,000.On average, 14 Wall Street analysts forecast MDT's earnings for 2022 to be $7,671,116,858, with the lowest MDT earnings forecast at $7,644,200,658, and the highest MDT earnings forecast at $7,778,781,656. On average, 12 Wall Street analysts forecast MDT's earnings for 2023 to be $8,495,425,467, with the lowest MDT earnings forecast at $8,330,563,745, and the highest MDT earnings forecast at $8,841,971,536.

In 2024, MDT is forecast to generate $9,259,172,628 in earnings, with the lowest earnings forecast at $9,043,843,032 and the highest earnings forecast at $9,824,412,818.

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

(NYSE: MDT) Medtronic's forecast annual revenue growth rate of 5.11% is not forecast to beat the US Medical Devices industry's average forecast revenue growth rate of 7.47%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 12.2%.

Medtronic's revenue in 2021 is $31,597,000,000.On average, 11 Wall Street analysts forecast MDT's revenue for 2022 to be $44,406,652,779,774, with the lowest MDT revenue forecast at $44,295,989,517,150, and the highest MDT revenue forecast at $44,624,313,318,651. On average, 11 Wall Street analysts forecast MDT's revenue for 2023 to be $46,824,551,130,579, with the lowest MDT revenue forecast at $46,224,535,211,325, and the highest MDT revenue forecast at $47,422,306,089,075.

In 2024, MDT is forecast to generate $49,454,862,707,168 in revenue, with the lowest revenue forecast at $49,069,577,498,475 and the highest revenue forecast at $49,901,288,063,025.

What is MDT's forecast return on assets (ROA) for 2022-2024?

(NYSE: MDT) forecast ROA is 10.09%, which is lower than the forecast US Medical Devices industry average of 14.62%.

What is MDT's Price Target?

According to 14 Wall Street analysts that have issued a 1 year MDT price target, the average MDT price target is $148.93, with the highest MDT stock price forecast at $165.00 and the lowest MDT stock price forecast at $138.00.

On average, Wall Street analysts predict that Medtronic's share price could stay at $148.93 by Aug 27, 2022. The average Medtronic stock price prediction forecasts a potential downside of N/A from the current MDT share price of $131.65.

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

(NYSE: MDT) Medtronic's current Earnings Per Share (EPS) is $2.88. On average, analysts forecast that MDT's EPS will be $5.70 for 2022, with the lowest EPS forecast at $5.68, and the highest EPS forecast at $5.78. On average, analysts forecast that MDT's EPS will be $6.31 for 2023, with the lowest EPS forecast at $6.19, and the highest EPS forecast at $6.57. In 2024, MDT's EPS is forecast to hit $6.88 (min: $6.72, max: $7.30).

What is MDT's forecast return on equity (ROE) for 2022-2024?

(NYSE: MDT) forecast ROE is 17.98%, which is considered weak.
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