Medtronic Stock Forecast

Stock Price Forecast

The 22 analysts with 12-month price forecasts for Medtronic stock have an average target of 98.59, with a low estimate of 80 and a high estimate of 121. The average target predicts an increase of 21.75% from the current stock price of 80.98.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$80	$98.59	$97	$121
Change	-1.21%	+21.75%	+19.78%	+49.42%

Analyst Ratings

The average analyst rating for Medtronic stock from 30 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	13	14	14	14	15	15
Buy	3	5	4	4	2	3
Hold	14	13	13	12	13	12
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	30	32	31	30	30	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Travis Steed Bank of America Securities	Bank of America Securities	Buy Maintains $95	Buy	Maintains	$95	+17.31%	Jun 25, 2026
Ryan Zimmerman BTIG	BTIG	Buy Maintains $90	Buy	Maintains	$90	+11.14%	Jun 23, 2026
Michael Matson Needham	Needham	Buy Reiterates $101	Buy	Reiterates	$101	+24.72%	Jun 17, 2026
Matthew O'Brien Piper Sandler	Piper Sandler	Hold Reiterates $85	Hold	Reiterates	$85	+4.96%	Jun 16, 2026
Larry Biegelsen Wells Fargo	Wells Fargo	Buy Maintains $102	Buy	Maintains	$102	+25.96%	Jun 15, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

38.82B

from 36.36B

6.76%

from 36.36B

Revenue Next Year

40.07B

from 38.82B

3.21%

from 38.82B

EPS This Year

5.95

from 5.53

7.56%

from 5.53

EPS Next Year

6.41

from 5.95

7.74%

from 5.95

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Apr 29, 2022	Apr 28, 2023	Apr 26, 2024	Apr 25, 2025	Apr 24, 2026	Apr 30, 2027	Apr 30, 2028
Revenue	31.69B	31.23B	32.36B	33.54B	36.36B	38.82B	40.07B
Revenue Growth	5.21%	-1.45%	3.64%	3.62%	8.43%	6.76%	3.21%
EPS	3.73	2.82	2.76	3.61	3.73	4.38	5.08
EPS Growth	40.23%	-24.40%	-2.13%	30.80%	3.32%	17.48%	15.91%
Forward PE	-	-	-	-	-	18.48	15.94
No. Analysts	-	-	-	-	-	29	28

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2027	2028
High	39.0B	41.7B
Avg	38.8B	40.1B
Low	38.0B	36.6B

Revenue Growth

Revenue Growth	2027	2028
High	7.3%	7.4%
Avg	6.8%	3.2%
Low	4.6%	-5.6%

EPS Forecast

EPS	2027	2028
High	6.02	6.65
Avg	5.95	6.41
Low	5.88	6.20

EPS Growth

EPS Growth	2027	2028
High	8.9%	11.8%
Avg	7.6%	7.7%
Low	6.3%	4.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.