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Medtronic PLC has a consensus price target of $99.52 based on the ratings of 26 analysts. The high is $135 issued by Credit Suisse on February 23, 2022. The low is $76 issued by UBS on May 24, 2024. The 3 most-recent analyst ratings were released by Bernstein, Wells Fargo, and Baird on November 20, 2024, respectively. With an average price target of $96 between Bernstein, Wells Fargo, and Baird, there's an implied 14.08% upside for Medtronic PLC from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Medtronic (NYSE:MDT) was reported by Bernstein on November 20, 2024. The analyst firm set a price target for $97.00 expecting MDT to rise to within 12 months (a possible 15.26% upside). 41 analyst firms have reported ratings in the last year.
The latest analyst rating for Medtronic (NYSE:MDT) was provided by Bernstein, and Medtronic maintained their outperform rating.
The last upgrade for Medtronic PLC happened on October 10, 2024 when RBC Capital raised their price target to $105. RBC Capital previously had a sector perform for Medtronic PLC.
The last downgrade for Medtronic PLC happened on August 14, 2024 when Stifel changed their price target from $100 to $85 for Medtronic PLC.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Medtronic, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Medtronic was filed on November 20, 2024 so you should expect the next rating to be made available sometime around November 20, 2025.
While ratings are subjective and will change, the latest Medtronic (MDT) rating was a maintained with a price target of $96.00 to $97.00. The current price Medtronic (MDT) is trading at is $84.15, which is out of the analyst’s predicted range.
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