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Medtronic (MDT): analyst forecast and price target

$94.75 −0.73% close 16.10.26 · market cap $122B · Healthcare · Medical - Devices SPY 0.17%
Price targets and ratings of

Analyst consensus

Moderate Buy

5 Buy7 Hold0 Sell

Ratings of 12 analysts in the last 3 months · top analysts only

12-month forecast

$103+9.1% upside

Based on 12 price targets given in the last 3 months, the average target is $103, the highest $115, the lowest $92.00. The average is +9.1% from the last price of $94.75.

$80.00$100Jan 26AprJulOctJan 27AprJulOctHigh$115Average$103Low$92.00
Highest target $115 Average target $103 Lowest target $92.00
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Robbie Marcus★★★★★★★★★★#1974 · hits 51% · avg +6.5% J.P. Morgan — Hold — Reiterated 16.10.26on TipRanks 07:55 +0.4%
Matthew O'Brien★★★★★★★★★★#12031 · hits 41% · avg −4.5% Piper Sandler $85.00 Hold −10.3% Reiterated 14.10.26on TipRanks 07:25 +2.4%next day +1.0%
Ryan Zimmerman★★★★★★★★★★#3375 · hits 46% · avg +3.3% BTIG $100 → $99.00−1.0% Buy +4.5% Reiterated 12.10.26on TipRanks 08:40 +4.0%next day +1.2%
Matt Miksic★★★★★★★★★★#2645 · hits 55% · avg +3.9% Barclays $95.00 Hold +0.3% Initiated 06.10.26on TipRanks 16:35 −1.6%next day +3.0% · 5 days +11.2%
Joanne Wuensch★★★★★★★★★★#3684 · hits 55% · avg +2.3% Citi $110 Buy +16.1% Reiterated 05.10.26on TipRanks 08:02 +1.2%next day −1.6% · 5 days +4.1%
Name not given — $118 Buy +24.5% Reiterated 01.10.26on TipRanks Oct 2 21:45 0.0%next day −0.8% · 5 days +0.2%
Josh Jennings★★★★★★★★★★#3537 · hits 46% · avg +3.0% TD Cowen $110 Buy +16.1% Reiterated 30.09.26on TipRanks 02:00 −0.7%next day 0.0% · 5 days −2.8%
Michael Matson★★★★★★★★★★#1853 · hits 50% · avg +6.0% Needham $114 Buy +20.3% Reiterated 17.09.26on TipRanks 06:08 −1.0%next day −0.8% · 5 days −5.4%
Travis Steed★★★★★★★★★★#3596 · hits 53% · avg +3.0% Bank of America Securities $110 Buy +16.1% Reiterated 14.09.26on TipRanks 06:25 +3.6%next day +0.4% · 5 days −4.1%
Brandon Vazquez★★★★★★★★★★#11688 · hits 42% · avg −5.1% William Blair — Buy — Reiterated 10.09.26on TipRanks 16:25 −1.6%next day +3.6% · 5 days +1.4%
Larry Biegelsen★★★★★★★★★★#2729 · hits 53% · avg +3.8% Wells Fargo $104 Buy +9.8% Reiterated 09.09.26on TipRanks Sep 10 05:31 −0.1%next day +0.3% · 5 days +1.9%
Pito Chickering★★★★★★★★★★#1500 · hits 61% · avg +9.8% Deutsche Bank $78.00 → $92.00+17.9% Hold −2.9% Assigned 03.09.26on TipRanks 08:40 −0.1%next day +1.5% · 5 days −1.1%
Patrick Wood★★★★★★★★★★#10768 · hits 50% · avg −2.1% UBS $100 → $110+10.0% Buy +16.1% Assigned 03.09.26on TipRanks 08:00 −0.1%next day +1.5% · 5 days −1.1%
Anthony Petrone★★★★★★★★★★#1225 · hits 54% · avg +8.5% Mizuho Securities $100 → $115+15.0% Buy +21.4% Reiterated 02.09.26on TipRanks 15:20 −0.3%next day −0.1% · 5 days +0.3%
Jayson Bedford★★★★★★★★★★#819 · hits 60% · avg +8.6% Raymond James — Hold — Reiterated 02.09.26on TipRanks 09:10 −0.3%next day −0.1% · 5 days +0.3%
Matthew Taylor★★★★★★★★★★#1367 · hits 55% · avg +7.2% Jefferies $95.00 Hold +0.3% Reiterated 02.09.26on TipRanks 08:50 −0.3%next day −0.1% · 5 days +0.3%
Richard Newitter★★★★★★★★★★#1772 · hits 48% · avg +6.6% Truist Financial $86.00 → $99.00+15.1% Hold +4.5% Reiterated 02.09.26on TipRanks 07:30 −0.3%next day −0.1% · 5 days +0.3%
Rick Wise★★★★★★★★★★#7800 · hits 51% · avg +0.1% Stifel Nicolaus $80.00 → $95.00+18.8% Hold +0.3% Reiterated 02.09.26on TipRanks 06:40 −0.3%next day −0.1% · 5 days +0.3%
David Rescott★★★★★★★★★★#3448 · hits 49% · avg +5.1% Robert W. Baird $91.00 → $100+9.9% Hold +5.5% Reiterated 02.09.26on TipRanks 06:40 −0.3%next day −0.1% · 5 days +0.3%
Mike Kratky★★★★★★★★★★#1691 · hits 46% · avg +12.9% Leerink Partners — Buy — Reiterated 10.07.26on TipRanks 13:15 +1.4%next day +0.4% · 5 days +0.7%
Vijay Kumar★★★★★★★★★★#2375 · hits 54% · avg +4.8% Evercore ISI $106 → $105−0.9% Buy +10.8% Reiterated 06.07.26on TipRanks 08:50 −1.0%next day +1.4% · 5 days +0.9%
David Roman★★★★★★★★★★#3715 · hits 53% · avg +5.3% Goldman Sachs $84.00 → $83.00−1.2% Hold −12.4% Reiterated 04.06.26on TipRanks Jun 5 08:15 +4.7%next day +2.3% · 5 days +0.6%
Lee Hambright★★★★★★★★★★#10167 · hits 49% · avg −1.6% Bernstein $112 → $97.00−13.4% Buy +2.4% Reiterated 04.06.26on TipRanks Jun 5 08:07 +4.7%next day +2.3% · 5 days +0.6%
David Toung★★★★★★★★★★#1098 · hits 63% · avg +9.1% Argus Research $125 → $115−8.0% Buy +21.4% Reiterated 06.04.26on TipRanks 09:10 −0.9%next day +0.1% · 5 days −2.1%
Nico Chen★★★★★★★★★★#2913 · hits 59% · avg +9.8% DBS $90.00 Hold −5.0% Reiterated 18.03.26on TipRanks Mar 19 07:20 0.0%next day −0.1% · 5 days +1.2%
Unknown Analyst CICC $121 Buy +27.7% Initiated 30.01.26on TipRanks Jan 31 06:25 +2.2%next day −0.7% · 5 days +0.1%
Christopher Pasquale★★★★★★★★★★#1776 · hits 61% · avg +11.9% Nephron $120 Buy +26.6% Upgrade 08.12.25on TipRanks 11:35 +0.2%next day −1.5% · 5 days −2.2%

The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included

Best analysts covering Medtronic

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Patrick Wood★★★★★★★★★★UBS · #10768
Hits 50%96 of 191 Average return −2.1%
1 year Patrick Wood★★★★★★★★★★UBS · #10768
Hits 50%96 of 191 Average return −2.1%
2 years Patrick Wood★★★★★★★★★★UBS · #10768
Hits 50%96 of 191 Average return −2.1%

Most profitable

3 months Patrick Wood★★★★★★★★★★UBS · #10768
Hits 50%96 of 191 Average return −2.1%
1 year Larry Biegelsen★★★★★★★★★★Wells Fargo · #2729
Hits 53%267 of 501 Average return +3.8%
2 years Larry Biegelsen★★★★★★★★★★Wells Fargo · #2729
Hits 53%267 of 501 Average return +3.8%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $103 at a price of $86.29 (+19.8%); now: $103 at $94.75 (+8.9%).

$90.00$100Sep 15Oct 1Oct 15Top analysts$103Average target$103Price$94.75

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

01020302310Oct 25197Nov199Dec138Jan 26159Feb209Mar2412Apr2176May3208Jun3185Jul1215Aug217Sep169Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy233100
Buy172018212116
Hold685579
Sell000000

Earnings and sales forecast

Next report: 24.11.26 (Q2 2027, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $1.33 (from $1.32 to $1.39). Last quarter: $1.45.

Sales

Next quarter’s sales estimate — $9.5B (from $9.4B to $9.5B). Last quarter: $9.8B.

Best top-analyst consensus in the sector · Healthcare

AXGNAxoGen
MDWDMediwound
OCULOcular Therapeutix
OVIDOvid Therapeutics
ZYMEZymeworks
About Medtronic
  • CEO: Geoffrey Straub Martha
  • Employees: 95,000
  • Building Two, Parkmore Business Park West, Galway, GA, H91 4K49, IE
  • www.medtronic.com

Medtronic plc is a leading global medical technology enterprise that invents, develops, manufactures, and distributes an extensive range of device-based medical therapies. These solutions serve healthcare systems, clinicians, physicians, and patients across the world. The company's operations are categorized into several key portfolios: Cardiovascular Portfolio: This segment focuses on cardiac health, providing technologies for heart rhythm management, including implantable pacemakers, defibrillators, and monitoring systems, alongside cardiac ablation tools and remote patient software. It also addresses structural heart issues with products like aortic and pulmonary valves, surgical repair devices, and endovascular stent grafts, in addition to offerings for percutaneous coronary interventions (e.g., angioplasty balloons). Medical Surgical Portfolio: Offering a broad spectrum of surgical instruments and therapies, this division includes staples, vessel sealing devices, wound closure products, and electrosurgical equipment. It also pioneers surgical artificial intelligence and robotic-assisted platforms, alongside solutions for hernia repair, gynecology, lung conditions, minimally invasive gastrointestinal and hepatologic diagnostics, patient monitoring, airway management, ventilation therapies, and renal disease. Neuroscience Portfolio: This division delivers specialized products for a diverse group of medical professionals, such as spinal surgeons, neurosurgeons, neurologists, pain management specialists, and ENT experts. Its offerings span energy surgical instruments, advanced image-guided and intra-operative imaging systems, robotic guidance for spine procedures, and therapies targeting the brain's vasculature. Diabetes Operating Unit: Dedicated to diabetes management, this unit provides innovative solutions like insulin pumps and their associated consumables, continuous glucose monitoring (CGM) systems, and smart insulin pen technologies. Established in 1949, Med

Data from the stock’s TipRanks forecast page, read 15 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗