Citi analyst Joanne Wuensch maintains $Stryker Corp (SYK.US)$ with a buy rating, and sets the target price at $411.
According to TipRanks data, the analyst has a success rate of 62.5% and a total average return of 6.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Stryker Corp (SYK.US)$'s main analysts recently are as follows:
The company delivered a notable performance surpassing expectations, characterized by 11.5% organic growth. This growth spanned across the majority of its significant divisions, accompanied by a rise in operating margins.
Stryker's third-quarter outcomes surpassed expectations, showcasing robust double-digit expansion in both revenue and earnings, coupled with an increase in operating margins.
Stryker's recent report exceeded revenue expectations, and looking forward to 2025, growth is anticipated to be fueled by a series of new product introductions. Additionally, the impact of mergers and acquisitions is expected to be significant, with about seven deals in the pipeline poised to enhance growth. The ongoing expansion of the Mako product, especially with two new indications, is also seen as a key growth driver. Despite these positive factors, a cautious stance is maintained pending further confidence in sales and EPS growth compared to market expectations.
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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