Is Medtronic Stock a Buy Now?
Companies that can withstand market volatility make for good long-term investments. Ireland-based (NYSE: MDT), a major player in the medical device industry, has repeatedly demonstrated this over time. For years, the company has steadily increased its revenue and earnings, allowing it to maintain a stable business. This has enabled it to pay and raise dividends consistently for the past 46 years.
On Aug. 22, Medtronic reported another strong quarter. Let's take a look at its fiscal 2024's first-quarter results to see why it's a good investment right now.
Medtronic operates in 150 countries and manufactures devices that treat nearly 70 medical conditions. Its products are made under four segments: cardiovascular, medical-surgical, neuroscience, and diabetes.
Source Fool.com
Medtronic plc Stock
With 6 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 91 € shows a positive potential of 22.67% compared to the current price of 74.18 € for Medtronic plc.
