Evercore analyst Vijay Kumar maintains $Medtronic (MDT.US)$ with a buy rating, and adjusts the target price from $100 to $104.
According to TipRanks data, the analyst has a success rate of 57.6% and a total average return of 5.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Medtronic (MDT.US)$'s main analysts recently are as follows:
The recent surge in medical technology stocks is under scrutiny as the sector approaches third-quarter financial disclosures. There is a cautious stance going into the earnings season, as this period is traditionally the most challenging for MedTech, presenting a critical examination of the 2025 outlook. Additionally, commentary regarding projections for the next year may significantly influence stock performance shortly.
In MedTech, the positive trend in utilization is expected to continue into Q3, and the outlook for capital expenditures into the following year appears to remain robust. For life science tools, bioprocess trends are anticipated to improve in the latter half of the year. However, discussions are ongoing regarding the outlook for instruments and the impact of China's stimulus, in light of the recent uptick in the sector's stock performance. Medtronic, among other companies in the group, has been included on a list for tactical outperformance, with expectations set for the upcoming Q3 results, while Exact Sciences remains on this list as well.
Note:
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