Medtronic Plc Stock Price Prediction

MDT Stock  USD 87.10  0.18  0.21%   
At this time, the relative strength index (RSI) of Medtronic PLC's share price is approaching 46. This indicates that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Medtronic PLC, making its price go up or down.

Oversold Vs Overbought

46

 
Oversold
 
Overbought
Medtronic PLC stock price prediction is an act of determining the future value of Medtronic PLC shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Medtronic PLC's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Medtronic PLC and does not consider all of the tangible or intangible factors available from Medtronic PLC's fundamental data. We analyze noise-free headlines and recent hype associated with Medtronic PLC, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Medtronic PLC's stock price prediction:
Quarterly Earnings Growth
0.078
EPS Estimate Current Year
5.2
EPS Estimate Next Year
5.45
Wall Street Target Price
93.75
EPS Estimate Current Quarter
1.26
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Medtronic PLC based on different types of headlines from major news networks to social media. The Medtronic stock price prediction module provides an analysis of price elasticity to changes in media outlook on Medtronic PLC over a specific investment horizon. Using Medtronic PLC hype-based prediction, you can estimate the value of Medtronic PLC from the perspective of Medtronic PLC response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Medtronic PLC using Medtronic PLC's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Medtronic using crowd psychology based on the activity and movement of Medtronic PLC's stock price.

Medtronic PLC Short Interest

A significant increase or decrease in Medtronic PLC's short interest from the previous month could be a good indicator of investor sentiment towards Medtronic. Short interest can provide insight into the potential direction of Medtronic PLC stock and how bullish or bearish investors feel about the market overall. An investor who is long Medtronic PLC may also wish to track short interest. As short interest increases, investors should be becoming more worried about Medtronic PLC and may potentially protect profits, hedge Medtronic PLC with its derivative instruments, or be ready for some potential downside.
200 Day MA
82.0692
Short Percent
0.0064
Short Ratio
1.28
Shares Short Prior Month
10.9 M
50 Day MA
85.2504

Medtronic PLC Hype to Price Pattern

Investor biases related to Medtronic PLC's public news can be used to forecast risks associated with an investment in Medtronic. The trend in average sentiment can be used to explain how an investor holding Medtronic can time the market purely based on public headlines and social activities around Medtronic PLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Medtronic PLC's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Medtronic PLC.

Medtronic PLC Implied Volatility

    
  28.21  
Medtronic PLC's implied volatility exposes the market's sentiment of Medtronic PLC stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Medtronic PLC's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Medtronic PLC stock will not fluctuate a lot when Medtronic PLC's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Medtronic PLC. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Medtronic PLC to buy its stock at a price that has no basis in reality. In that case, they are not buying Medtronic because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Medtronic PLC after-hype prediction price

    
  USD 87.07  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.

Prediction based on Rule 16 of the current Medtronic contract

Based on the Rule 16, the options market is currently suggesting that Medtronic PLC will have an average daily up or down price movement of about 1.76% per day over the life of the 2024-03-28 option contract. With Medtronic PLC trading at USD 87.1, that is roughly USD 1.54 . If you think that the market is fully incorporating Medtronic PLC's daily price movement you should consider acquiring Medtronic PLC options at the current volatility level of 28.21%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Check out Medtronic PLC Basic Forecasting Models to cross-verify your projections.
For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.
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.
Intrinsic
Valuation
LowRealHigh
84.1785.1895.81
Details
Naive
Forecast
LowNextHigh
85.5686.5687.57
Details
33 Analysts
Consensus
LowTargetHigh
82.3090.44100.39
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.201.251.30
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Medtronic PLC. Your research has to be compared to or analyzed against Medtronic PLC's peers to derive any actionable benefits. When done correctly, Medtronic PLC's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Medtronic PLC.

Medtronic PLC After-Hype Price Prediction Density Analysis

As far as predicting the price of Medtronic PLC at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Medtronic PLC or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Medtronic PLC, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Medtronic PLC Estimiated After-Hype Price Volatility

In the context of predicting Medtronic PLC's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Medtronic PLC's historical news coverage. Medtronic PLC's after-hype downside and upside margins for the prediction period are 86.06 and 88.08, respectively. We have considered Medtronic PLC's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
87.10
87.07
After-hype Price
88.08
Upside
Medtronic PLC is very steady at this time. Analysis and calculation of next after-hype price of Medtronic PLC is based on 3 months time horizon.

Medtronic PLC Stock Price Prediction Analysis

Have you ever been surprised when a price of a Company such as Medtronic PLC is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Medtronic PLC backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Medtronic PLC, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.11 
1.01
  0.03 
  0.03 
9 Events / Month
4 Events / Month
In about 9 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
87.10
87.07
0.03 
374.07  
Notes

Medtronic PLC Hype Timeline

On the 28th of March Medtronic PLC is traded for 87.10. The entity has historical hype elasticity of -0.03, and average elasticity to hype of competition of 0.03. Medtronic is forecasted to decline in value after the next headline, with the price expected to drop to 87.07. The average volatility of media hype impact on the company price is over 100%. The price depreciation on the next news is expected to be -0.03%, whereas the daily expected return is now at 0.11%. The volatility of related hype on Medtronic PLC is about 355.63%, with the expected price after the next announcement by competition of 87.13. About 85.0% of the company shares are owned by institutional investors. The book value of Medtronic PLC was now reported as 38.95. The company has Price/Earnings To Growth (PEG) ratio of 1.59. Medtronic PLC last dividend was issued on the 21st of March 2024. The entity had 2:1 split on the 27th of September 1999. Considering the 90-day investment horizon the next forecasted press release will be in about 9 days.
Check out Medtronic PLC Basic Forecasting Models to cross-verify your projections.
For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.

Medtronic PLC Related Hype Analysis

Having access to credible news sources related to Medtronic PLC's direct competition is more important than ever and may enhance your ability to predict Medtronic PLC's future price movements. Getting to know how Medtronic PLC rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Medtronic PLC may potentially react to the hype associated with one of its peers.

Medtronic PLC Additional Predictive Modules

Most predictive techniques to examine Medtronic price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Medtronic using various technical indicators. When you analyze Medtronic charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Medtronic PLC Predictive Indicators

The successful prediction of Medtronic PLC stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Medtronic PLC, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Medtronic PLC based on analysis of Medtronic PLC hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Medtronic PLC's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Medtronic PLC's related companies.
 2015 2020 2023 2024 (projected)
Price Earnings Ratio27.832.1848.8351.27
Short Term Coverage Ratios2.61301.95567.27595.64

Story Coverage note for Medtronic PLC

The number of cover stories for Medtronic PLC depends on current market conditions and Medtronic PLC's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Medtronic PLC is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Medtronic PLC's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Medtronic PLC Short Properties

Medtronic PLC's future price predictability will typically decrease when Medtronic PLC's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Medtronic PLC often depends not only on the future outlook of the potential Medtronic PLC's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Medtronic PLC's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding1.3 B
Cash And Short Term InvestmentsB
When determining whether Medtronic PLC is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Medtronic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Medtronic Plc Stock. Highlighted below are key reports to facilitate an investment decision about Medtronic Plc Stock:
Check out Medtronic PLC Basic Forecasting Models to cross-verify your projections.
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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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Is Medtronic PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Medtronic PLC. If investors know Medtronic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Medtronic PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.078
Dividend Share
2.75
Earnings Share
3.15
Revenue Per Share
24.298
Quarterly Revenue Growth
0.047
The market value of Medtronic PLC is measured differently than its book value, which is the value of Medtronic that is recorded on the company's balance sheet. Investors also form their own opinion of Medtronic PLC's value that differs from its market value or its book value, called intrinsic value, which is Medtronic PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Medtronic PLC's market value can be influenced by many factors that don't directly affect Medtronic PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Medtronic PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Medtronic PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Medtronic PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.