Medtronic Plc (MDT) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Medtronic Plc (MDT) stock forecast summary
Our AI ranks Medtronic Plc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Medtronic Plc is a large-cap company with a market capitalization of $121.20B. It ranks number 1 by market capitalization among the 30 Electromedical & Electrotherapeutic Apparatus issuers in our coverage with a current forecast.
For MDT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 10.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -1.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How MDT ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Medtronic Plc (MDT) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Electromedical & Electrotherapeutic Apparatus peers listed below that report each metric.
Valuation & Market
| Metric | MDT | Rank |
|---|---|---|
| Market Cap | $121.20B | 1/30 |
| P/E Ratio | 23.34x | 4/10 |
| P/B Ratio | 2.41x | 15/23 |
| Dividend Yield | 3.01% | – |
| EPS | $4.06 | – |
| Book Value/Share | $39.27 | – |
| Revenue/Share | $29.35 | – |
| FCF/Share | $4.79 | – |
Profitability & Margins
| Metric | MDT | Rank |
|---|---|---|
| ROE | 10.4% | 6/19 |
| ROA | 5.6% | 6/24 |
| ROIC | 8.3% | 7/23 |
| Gross Margin | 65.0% | 11/27 |
| Operating Margin | 18.1% | 3/28 |
| Net Margin | 13.9% | 5/22 |
| EBT Margin | 17.6% | 3/28 |
| Tax Rate | 20.2% | – |
Financial Health
| Metric | MDT | Rank |
|---|---|---|
| Current Ratio | 2.07x | 16/30 |
| Quick Ratio | 1.54x | 16/29 |
| D/E Ratio | 0.85x | 12/25 |
| Financial Leverage | 1.86x | 12/25 |
| Interest Coverage | 17.3x | 4/30 |
| Working Capital | $12.59B | 1/29 |
Cash Flow
| Metric | MDT | Rank |
|---|---|---|
| Operating Cash Flow | $8.04B | 1/30 |
| Free Cash Flow | $6.13B | 1/14 |
| Capital Spending | -$1.90B | 14/14 |
| OCF Growth YoY | 12.4% | 4/9 |
| FCF Growth YoY | 15.6% | 3/6 |
| FCF/Sales | 16.3% | 1/14 |
| CapEx/Sales | 5.1% | 3/14 |
Operational Efficiency
| Metric | MDT | Rank |
|---|---|---|
| Asset Turnover | 0.40x | 16/19 |
| Receivables Turnover | 5.9x | 12/20 |
| Inventory Turnover | 2.1x | 13/27 |
| Fixed Assets Turnover | 5.0x | 16/20 |
| Days Sales Outstanding | 62 days | 9/20 |
| Days Inventory | 173 days | 15/27 |
| Payables Period | 75 days | 13/24 |
| Cash Conversion Cycle | 160 days | 8/19 |
Income Statement
| Metric | MDT | Rank |
|---|---|---|
| Total Revenue | $37.54B | 1/19 |
| Operating Income | $6.79B | 1/30 |
| Net Income | $5.23B | 1/24 |
| R&D Expense | $2.92B | 1/28 |
| SG&A Expense | $12.18B | 1/26 |
| Cost of Goods Sold | $13.14B | 1/27 |
Dividend & Shareholder Information
| Metric | MDT | Rank |
|---|---|---|
| Dividends Per Share | $2.85 | – |
| Payout Ratio | 70.2% | – |
| Shares Outstanding | 1279M | – |
| Net Income Growth | 12.2% | 4/5 |
| EPS Growth | 12.2% | 3/7 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $24.39B | 26.1% of assets |
| Cash & Short-term Investments | $1.69B | 1.8% of assets |
| Accounts Receivable | $6.36B | 6.8% of assets |
| Inventory | $6.21B | 6.7% of assets |
| Total Liabilities | $42.46B | 45.5% of assets |
| Short-term Debt | $9.10B | 9.8% of assets |
MDT quarterly financials and insider trading
Medtronic Plc (MDT) industry peers
Companies classified under the same SEC industry code as Medtronic Plc (Electromedical & Electrotherapeutic Apparatus): 32 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| MDT Medtronic Plc | ▼ | $121.20B |
| ITGR Integer Holdings Corp | ▼ | $4.31B |
| LIVN Livanova Plc | ▼ | $4.27B |
| TMDX Transmedics Group, Inc. | ▲ | $2.45B |
| BLFS Biolife Solutions Inc | ▶ | $1.89B |
| AXGN Axogen, Inc. | ▲ | $1.86B |
| CNMD Conmed Corp | ▼ | $1.40B |
| CBLL Ceribell, Inc. | ▲ | $961M |
| INMD Inmode Ltd. | ▼ | $814M |
| CV Capsovision, Inc | ▶ | $327M |
| ELMD Electromed, Inc. | ▼ | $229M |
| FOCL Edap Tms Sa | ▲ | $153M |
| STXS Stereotaxis, Inc. | ▶ | $101M |
| VANI Vivani Medical, Inc. | ▶ | $101M |
| NRXS Neuraxis, Inc | ▲ | $97M |
| HYPR Hyperfine, Inc. | ▲ | $75M |
| OM Outset Medical, Inc. | ▲ | $74M |
| ECOR Electrocore, Inc. | ▲ | $71M |
| VASO Vaso Corp | ▲ | $51M |
| POSC Positron Corp | ▲ | $51M |
| QTI Qt Imaging Holdings, Inc. | ▶ | $35M |
| POCI Precision Optics Corporation, Inc. | ▲ | $34M |
| ITOC Itonic Holdings Ltd | ▼ | $28M |
| GTHP Guided Therapeutics Inc | ▲ | $18M |
| IRIX Iridex Corp | ▲ | $14M |
| NDRA Endra Life Sciences Inc. | ▶ | $7M |
| ADMT Adm Tronics Unlimited, Inc. | ▶ | $3M |
| NUWE Nuwellis, Inc. | ▼ | $2M |
| NXL Nexalin Technology, Inc. | ▼ | $2M |
| ESMC Escalon Medical Corp | ▲ | $1M |
| HCIL Hongchang International Co., Ltd | ▼ | N/A |
| YBGJ Yubo International Biotech Ltd | ▶ | N/A |
Where MDT sits on the market map
Medtronic Plc (MDT) stock news
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Medtronic Plc (MDT) stock forecast FAQ
What is the Medtronic Plc (MDT) stock forecast?
Our AI ranks Medtronic Plc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Medtronic Plc stock predictions?
For MDT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 10.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -1.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Medtronic Plc forecasts updated?
Medtronic Plc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Medtronic Plc's industry peers?
32 issuers in our coverage, MDT included, share the SEC industry code Electromedical & Electrotherapeutic Apparatus. The largest are: Integer Holdings Corp (ITGR), Livanova Plc (LIVN), Transmedics Group, Inc. (TMDX), Biolife Solutions Inc (BLFS), Axogen, Inc. (AXGN), Conmed Corp (CNMD).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.