Baird analyst Jeff Johnson maintains $Stryker Corp (SYK.US)$ with a buy rating, and adjusts the target price from $378 to $405.
According to TipRanks data, the analyst has a success rate of 53.3% and a total average return of 12.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Stryker Corp (SYK.US)$'s main analysts recently are as follows:
Stryker's recent performance indicated a topline exceedance. Looking ahead to 2025, the expectation is for growth to be fueled by the introduction of new products, potential enhancements from mergers and acquisitions with an estimated seven deals projected to bolster growth, and the ongoing surge of Mako, particularly with two additional indications. The stance remains one of watchfulness until there is a stronger belief in sales and EPS outperformance relative to market expectations.
Stryker reported robust diversified results in the third quarter with revenues surpassing expectations. The company's implied organic growth rate falls slightly below its historical quarterly trend, yet despite the tough comparisons from Q4, it anticipates maintaining strong procedural trends, favorable pricing, and growth drivers for its products that support its sustained premium growth.
The firm noted that the third quarter was robust, marked by a reinvigoration of global organic growth reaching double-digits, a notable positive shift in orthopedic pricing for the first time in ten years, and earnings per share expansion at or surpassing the mid-teen percentages.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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