Matthew O’Brien, analyst at Piper Sandler, reiterates coverage on Medtronic (MDT) in the Healthcare sector with a Buy rating. TipRanks.com has O’Brien rated as a 5 star analyst with a 14.00% return on investment and a 61.00% success rate. O’Brien has set a price target of $140.00.
TipRanks.com reports that MDT currently has 20 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $141.50. The target pricing ranges from a high forecast of $153.00 down to a low forecast of $130.00.
MDT’s last closing price was $123.07 which would put the average price target at 14.98% upside.
In addition, TradingView issued a Buy rating for MDT over the next month.
Remember, securities are volatile, so please do your own research on MDT.
Other analysts covering MDT include:
- David Toung of Argus Research issued a buy rate with the price target of $150 on June 3rd
- Anthony Petrone of Jefferies issued a buy rate with the price target of $145 on June 2nd
- Joanne Wuensch of Citigroup issued a buy rate with the price target of $143 on May 28th
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