This Is Great News for Medtronic, but Is It Time to Buy the Stock?
(NYSE: MDT) posted first-quarter earnings (for the period ended on June 30) that exceeded the average of Wall Street estimates. The results were strong enough for the medical technologies giant to raise its full-year profit forecast.
Investors should welcome the improved outlook, which could signal the start of a bigger turnaround for the company. Medtronic stock rallied on the report but is still down more than 30% from its record high set in late 2021.
Here's why I believe now is a good time to add shares of Medtronic to your portfolio.
Source Fool.com
Medtronic plc Stock
€80.12
0.490%
With 7 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 92 € shows a slightly positive potential of 14.83% compared to the current price of 80.12 € for Medtronic plc.
