If You'd Invested $10,000 in Medtronic 10 Years Ago, This Is How Much You Would Have Today
If you had invested in a stock 10 years ago, you would expect to be sitting on some decent gains by now. The S 500 averages a long-term return of 10% per year. That means that over a decade of compounding those gains, your investment in the average stock should be up 159%.
But not every investment turns out to be a winner, of course. And the recent COVID pandemic did disrupt many businesses. Consider top medical device maker Medtronic (NYSE: MDT). It should have achieved strong growth over the past decade as more Baby Boomers retired, leading to an uptick in the need for healthcare.
So has Medtronic made for a strong investment over the past 10 years? Here's a closer look at what your investment would look like if you'd bought $10,000 worth of its shares in October 2013.
Source Fool.com
Medtronic plc Stock
We see a rather positive sentiment for Medtronic plc with 7 Buy predictions and 2 Sell predictions.
With a target price of 91 € there is a positive potential of 24.93% for Medtronic plc compared to the current price of 72.84 €.
