Medtronic (MDT) Stock Forecast & Price Target

$78.70

+0.24 (+0.31%)

(As of 07/26/2024 ET)

Medtronic - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 11 Analyst Ratings

Based on 11 Wall Street analysts who have issued ratings for Medtronic in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 2 have given a sell rating, 5 have given a hold rating, and 4 have given a buy rating for MDT.

Consensus Price Target

$90.90
15.50% Upside

High Forecast	$105.00
Average Forecast	$90.90
Low Forecast	$76.00

According to the 11 analysts' twelve-month price targets for Medtronic, the average price target is $90.90. The highest price target for MDT is $105.00, while the lowest price target for MDT is $76.00. The average price target represents a forecasted upside of 15.50% from the current price of $78.70.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$90.90	$93.00	$94.91	$90.72
Forecasted Upside	15.50% Upside	11.78% Upside	12.33% Upside	10.36% Upside

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MDT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MDT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Medtronic Stock vs. The Competition

Type	Medtronic	Medical Companies	S&P 500
Consensus Rating Score	2.18	2.72	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	15.50% Upside	3,123.46% Upside	9.17% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/17/2024	Royal Bank of Canada 4 of 5 stars	Reiterated Rating	Sector Perform ➝ Sector Perform	$92.00 ➝ $92.00	+13.88%
7/16/2024	Truist Financial 1 of 5 stars	Lower Target	Hold ➝ Hold	$88.00 ➝ $85.00	+10.17%
7/10/2024	Citigroup 3 of 5 stars	Lower Target	Neutral ➝ Neutral	$90.00 ➝ $85.00	+10.30%
5/30/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sell	$83.00	+1.84%
5/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$102.00 ➝ $105.00	+28.21%
5/24/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sell ➝ Sell	$75.00 ➝ $76.00	-7.02%
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5/24/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold
2/21/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$95.00 ➝ $98.00	+14.71%
2/21/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform ➝ Market Perform	$89.00 ➝ $92.00	+7.69%
11/22/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$104.00 ➝ $98.00	+24.68%
8/22/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$92.00 ➝ $95.00	+13.47%
7/18/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$90.00	+3.91%
6/30/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Initiates
6/30/2023	CL King Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$106.00	+22.16%
5/26/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$100.00 ➝ $99.00	+18.51%
4/24/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
2/22/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$80.00 ➝ $87.00	+1.12%
11/23/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$117.00 ➝ $90.00	+13.92%
11/22/2022	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$90.00 ➝ $80.00	+3.76%
10/12/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$87.00	+6.24%
8/24/2022	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:55 AM ET.

MDT Forecast - Frequently Asked Questions

What is Medtronic's forecast for 2024?: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Medtronic is $90.90, with a high forecast of $105.00 and a low forecast of $76.00.
Should I buy or sell Medtronic stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Medtronic in the last year. There are currently 2 sell ratings, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MDT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MDT, but not buy additional shares or sell existing shares.
Does Medtronic's stock price have much upside?: According to analysts, Medtronic's stock has a predicted upside of 11.76% based on their 12-month stock forecasts.
What analysts cover Medtronic?: Medtronic has been rated by research analysts at Citigroup, Needham & Company LLC, Royal Bank of Canada, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Medtronic more than its competitors?: Analysts like Medtronic less than other "medical" companies. The consensus rating for Medtronic is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how MDT compares to other companies.