Medtronic PLC Stock Target Price and Analyst Consensus
| MDT Stock | USD 79.08 0.17 0.21% |
The current analyst and expert consensus on Medtronic PLC is Buy with 15 hold recommendations. The current projected Medtronic PLC target price consensus is 90.44 with 33 analyst opinions. One of the most common ways Medtronic PLC analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Medtronic PLC vendors, executives, and/or customers. Medtronic PLC recommendation module provides expert sentiment on the projected Medtronic PLC target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Medtronic PLC to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.
Lowest Forecast 82.3 | Highest Forecast 100.39 | Target Price 90.44 |
Medtronic |
It's important to approach Medtronic PLC's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Medtronic PLC Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Medtronic target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Medtronic PLC's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 33 | Buy |
Most Medtronic analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Medtronic stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Medtronic PLC, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationMedtronic PLC Target Price Projection
Medtronic PLC's current and average target prices are 79.08 and 90.44, respectively. The current price of Medtronic PLC is the price at which Medtronic PLC is currently trading. On the other hand, Medtronic PLC's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Medtronic PLC Market Quote on 18th of April 2024
Target Price
Analyst Consensus On Medtronic PLC Target Price
Medtronic PLC Analyst Ratings
Medtronic PLC's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Medtronic PLC stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Medtronic PLC's financials, market performance, and future outlook by experienced professionals. Medtronic PLC's historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Medtronic PLC price targets
Medtronic PLC's stock target price is an estimate of its future price, usually made by analysts. Using Medtronic PLC's target price to determine if it is a suitable investment can be done through the following steps:- Look at Medtronic PLC's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Medtronic PLC's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Medtronic PLC Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Medtronic PLC is a key component of Medtronic PLC valuation and have some predictive power on the future returns of a Medtronic PLC.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medtronic PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
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Check out Macroaxis Advice on Medtronic PLC to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.Note that the Medtronic PLC information on this page should be used as a complementary analysis to other Medtronic PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Medtronic Stock analysis
When running Medtronic PLC's price analysis, check to measure Medtronic PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.
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The data published in Medtronic PLC's official financial statements usually reflect Medtronic PLC's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Medtronic PLC. For example, before you start analyzing numbers published by Medtronic accountants, it's critical to develop an understanding of what Medtronic PLC's liquidity, profitability, and earnings quality are in the context of the Health Care Equipment & Supplies space in which it operates.
Please note, the presentation of Medtronic PLC's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Medtronic PLC's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Medtronic PLC's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Medtronic PLC. Please utilize our Beneish M Score to check the likelihood of Medtronic PLC's management manipulating its earnings.