Medtronic (MDT) stock forecast for 2023. Forecast tables and graphs.







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Medtronic (MDT) stock forecast for 2023

Updated: March 28, 2024 (08:45)

Sector: Healthcare

The share price of Medtronic plc. (MDT) now

What analysts predict: $93.75
52-week High/Low: $89.04 / $67.71

50/200 Day Moving Average: $85.25 / $82.07

This figure corresponds to the Average Price over the previous 50/200 days. For Medtronic stocks, the 50-day moving average is the resistance level today.

For Medtronic stocks, the 200-day moving average is the resistance level today.

Are you interested in Medtronic plc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Medtronic stock price in 2023. How much will one Medtronic share be worth in 2023? Is it worth taking profit / loss on MDT stock now or waiting? What are analysts' forecasts for Medtronic stock?

We forecast Medtronic stock performance using neural networks based on historical data on MDT stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.

Medtronic plc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Medtronic analysts is $93.75. Today 200 Day Moving Average is the support level (82.07 $). 50 Day Moving Average is the support level (85.25 $).




Historical and forecast chart of Medtronic plc. stock

The chart below shows the historical price of Medtronic stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the MDT stock price can be found in the table below.


Medtronic is a large medical device company headquartered in Dublin, Ireland. It is one of the largest medical device companies. Works in over 140 countries. Medtronic has six main divisions, each of which develops and manufactures devices and treatments for a variety of chronic conditions including heart failure, Parkinson’s disease, urinary incontinence, Down’s syndrome, obesity, chronic pain, diabetes and others, for a total of more than 30 different diseases.

In 2017, the company earned more than $ 29 billion, which is 9 billion more than in 2015, the net income for the 2017 financial year of the company increased by $ 1 billion compared to 2015 and amounted to more than $ 5 billion.

Medtronic was founded in 1949 as a medical device repair company in a garage in northeastern Minneapolis by Earl Bakken and Palmer Hermundsl. While working for the company, Earl Bakken met Dr. Walton Lillehei, one of the first cardiac surgeons. Lillehei was disappointed with the pacemakers of the time that had to be plugged in, especially after the 1957 power outage on Halloween. Lillehei then proposed to Bakken the idea of ​​a battery-operated pacemaker.

Official site of the company

Medtronic (MDT) Forecast for 2023

Month Target Pes. Opt. Vol., %

Medtronic information and performance

Medtronic Address

20 ON HATCH, LOWER HATCH STREET, DUBLIN, IE

Market Capitalization: 111 138 529 000 $

Market capitalization of the Medtronic plc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of MDT shares in the company outstanding by the market price of one share.

EBITDA: 8 677 000 000 $

EBITDA of Medtronic is earnings before interest, income tax and depreciation of assets.

PE Ratio: 26.57

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.585

Price/earnings to growth

DPS: 2.75

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.033

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 3.15

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: 0.078
Quarterly Revenue Growth YOY: 0.047
Trailing PE: 26.57

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 15.31

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 3.96

Enterprise Value (EV) /Revenue

EV To EBITDA: 14.37

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 1327820000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Medtronic price target for 2023 by month




Medtronic (MDT) stock dividend

Medtronic last paid dividends on 03/21/2024. The next scheduled payment will be on 04/12/2024. The amount of dividends is $2.75 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.


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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.