Minneapolis, Minnesota-based Medtronic plc (MDT) develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. With a market cap of\u00a0$119.1 billion, Medtronic operates through Cardiovascular, Medical Surgical, Neuroscience, and Diabetes segments.<\/p>\n
Companies worth $10 billion or more are generally described as “large-cap stocks.” Medtronic fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the medical devices industry. Medtronic innovates solutions that treat 70-plus health conditions, from Parkinson’s to diabetes.<\/p>\n
MDT touched its\u00a0three-year high of $96.25 on Mar. 10, and the stock is currently trading 3% below that peak. Meanwhile, MDT stock prices have\u00a0soared 11.5% over the past three months, notably outperforming the Health Care Select Sector SPDR Fund\u2019s (XLV)\u00a03.7% uptick during the same time frame.<\/p>\n
www.barchart.com <\/p>\n
Medtronic has outperformed the broader healthcare sector over the longer term as well. MDT stock prices have surged 16.8% on a YTD basis and gained 5.4% over the past 52 weeks, outpacing XLV\u2019s marginal dip in 2025 and 12.5% plunge over the past year.<\/p>\n
To confirm the recent bullish trend, MDT has traded mostly above its 50-day moving average since early June and above its 200-day moving average since early July.<\/p>\n
www.barchart.com <\/p>\n
Despite reporting better-than-expected results, Medtronic\u2019s stock prices\u00a0declined 3.1% following the release of its\u00a0Q1 results on Aug. 19. All its segments and geographies observed solid organic growth during the quarter. The company\u2019s overall topline for the quarter came in at $8.5 billion, up 6.7% year-over-year, notably above the Street expectations.<\/p>\n
Meanwhile, Medtronic experienced a slight contraction in gross margin, leading to a much more modest 2.4% growth in EPS to $1.26. However, the figure surpassed the\u00a0consensus estimates by 2.4%. Following the initial dip, MDT stock prices gained 3.7% in the subsequent trading session.<\/p>\n
When compared to its peer, MDT has outpaced Stryker Corporation\u2019s (SYK)\u00a08.3% gains on a YTD basis, but lagged behind SYK\u2019s 8.2% returns over the past year.<\/p>\n
Story Continues <\/p>\n
Among the 31 analysts covering the MDT stock, the overall consensus rating is a \u201cModerate Buy.\u201d Its mean price target of $97.92 suggests a 4.9% upside potential.<\/p>\n
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally\u00a0published on Barchart.com<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"Minneapolis, Minnesota-based Medtronic plc (MDT) develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and…\n","protected":false},"author":2,"featured_media":119021,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[49,48,84,392,33522,66327,66328,51418,31826],"class_list":{"0":"post-119020","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-healthcare","8":"tag-ca","9":"tag-canada","10":"tag-health","11":"tag-healthcare","12":"tag-healthcare-systems","13":"tag-mdt-stock","14":"tag-mdt-stock-prices","15":"tag-medtronic","16":"tag-stock-prices"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/119020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=119020"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/119020\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/119021"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=119020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=119020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=119020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}