In a recent update, Medtronic (MDT, Financial) received a revised price target from Evercore ISI Group, indicating a positive outlook for the stock. The renowned analyst Vijay Kumar has maintained the "Outperform" rating for Medtronic (MDT), while raising the price target from USD 103.00 to USD 106.00. This adjustment represents a 2.91% increase in the price target for Medtronic (MDT).
The consistent "Outperform" rating by Evercore ISI Group reflects confidence in Medtronic's business performance. The raised price target suggests an anticipation of positive growth prospects for Medtronic (MDT, Financial) in the near future.
Investors and market watchers will be keeping an eye on Medtronic (MDT, Financial) as this adjustment by Evercore ISI Group may influence trading and investment decisions. Medtronic remains a stock of interest on the NYSE, with analysts continuing to project favorable outcomes.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for Medtronic PLC (MDT, Financial) is $95.80 with a high estimate of $112.45 and a low estimate of $78.00. The average target implies an upside of 9.27% from the current price of $87.67. More detailed estimate data can be found on the Medtronic PLC (MDT) Forecast page.
Based on the consensus recommendation from 34 brokerage firms, Medtronic PLC's (MDT, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Medtronic PLC (MDT, Financial) in one year is $97.80, suggesting a upside of 11.55% from the current price of $87.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Medtronic PLC (MDT) Summary page.
