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Medtronic PLC (MDT)

Upturn stock ratingUpturn stock rating
$88.39
Last Close (24-hour delay)
Profit since last BUY0.72%
upturn advisory
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Upturn Advisory Summary

07/03/2025: MDT (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

32 Analysts rated it

Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.

1 Year Target Price $96.58

1 Year Target Price $96.58

Analysts Price Target For last 52 week
$96.58 Target price
52w Low $73.52
Current$88.39
52w High $94.71

Analysis of Past Performance

Type Stock
Historic Profit -6.62%
Avg. Invested days 34
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/03/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 113.25B USD
Price to earnings Ratio 24.48
1Y Target Price 96.58
Price to earnings Ratio 24.48
1Y Target Price 96.58
Volume (30-day avg) 32
Beta 0.81
52 Weeks Range 73.52 - 94.71
Updated Date 07/4/2025
52 Weeks Range 73.52 - 94.71
Updated Date 07/4/2025
Dividends yield (FY) 3.26%
Basic EPS (TTM) 3.61

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 13.9%
Operating Margin (TTM) 17.09%

Management Effectiveness

Return on Assets (TTM) 4.41%
Return on Equity (TTM) 9.51%

Valuation

Trailing PE 24.48
Forward PE 15.85
Enterprise Value 132661047980
Price to Sales(TTM) 3.38
Enterprise Value 132661047980
Price to Sales(TTM) 3.38
Enterprise Value to Revenue 3.96
Enterprise Value to EBITDA 14.39
Shares Outstanding 1281260032
Shares Floating 1279163429
Shares Outstanding 1281260032
Shares Floating 1279163429
Percent Insiders 0.27
Percent Institutions 86.84

ai summary icon Upturn AI SWOT

Medtronic PLC

stock logo

Company Overview

overview logo History and Background

Medtronic was founded in 1949 by Earl Bakken and Palmer Hermundslie as a medical equipment repair shop. It evolved into a pioneering medical technology company, notably developing the first battery-powered wearable pacemaker in 1957. Throughout its history, Medtronic has focused on innovative medical solutions, growing through acquisitions and organic expansion.

business area logo Core Business Areas

  • Cardiovascular Portfolio: This segment focuses on products and therapies for cardiac rhythm management, coronary and structural heart disease, and aortic, peripheral vascular, and venous disorders. Includes pacemakers, defibrillators, heart valves, and stents.
  • Medical Surgical Portfolio: Offers surgical technologies, including robotic-assisted surgery systems, advanced energy instruments, surgical staplers, and gastrointestinal diagnostics and therapies.
  • Neuroscience Portfolio: Focuses on therapies for neurological and spinal conditions, including neuromodulation, spinal implants, and neurosurgery products.
  • Diabetes Portfolio: Develops and markets insulin pumps, continuous glucose monitoring (CGM) systems, and related diabetes management solutions.

leadership logo Leadership and Structure

Geoff Martha is the Chairman and CEO of Medtronic. The company operates with a portfolio-based structure, with each portfolio led by a president who reports to the CEO. There is also a functional structure with executive vice presidents leading key areas like finance, strategy, and operations.

Top Products and Market Share

overview logo Key Offerings

  • Pacemakers: Medtronic is a leading manufacturer of pacemakers, devices that help regulate heart rhythm. Competitors include Abbott (ABT) and Boston Scientific (BSX). Medtronic holds a significant market share, but precise percentage fluctuates based on the specific market segment and year. Medtronic's Cardiovascular Portfolio revenue was $11.3 billion in FY2023.
  • Insulin Pumps (MiniMed Series): These pumps deliver insulin to people with diabetes. Competitors include Dexcom (DXCM), Insulet (PODD), and Tandem Diabetes Care (TNDM). Market share varies, but Medtronic is a major player in the insulin pump market. Diabetes Portfolio revenue was $2.3 billion in FY2023.
  • Spinal Implants: Medtronic offers a range of spinal implants for treating spinal disorders. Competitors include Stryker (SYK) and Johnson & Johnson (JNJ). Medtronic is a major player in this space with Neurosience Portfolio revenue of $9.6 billion in FY2023.
  • Robotic-Assisted Surgery System (Hugo RAS): A robotic surgical system aiming to compete with Intuitive Surgical (ISRG). The product is relatively new to market and gaining adoption. Specific market share data is still evolving. Medical Surgical Portfolio revenue was $8.5 billion in FY2023.

Market Dynamics

industry overview logo Industry Overview

The medical device industry is characterized by innovation, regulation, and increasing demand driven by an aging population and the prevalence of chronic diseases. Competition is intense, with companies vying for market share through product development and strategic acquisitions.

Positioning

Medtronic is one of the largest medical device companies in the world, with a broad portfolio of products and a global presence. Its competitive advantages include its scale, established brand, and extensive distribution network.

Total Addressable Market (TAM)

The global medical device market is projected to reach over $600 billion by 2030. Medtronic is positioned to capture a significant portion of this TAM through its diverse product offerings and global reach.

Upturn SWOT Analysis

Strengths

  • Global Presence
  • Diversified Product Portfolio
  • Strong Brand Recognition
  • Significant R&D Investment
  • Established Distribution Network

Weaknesses

  • Large Bureaucracy
  • Slow Decision-Making
  • Integration Challenges from Acquisitions
  • Dependence on Mature Markets
  • Product Recalls and Regulatory Scrutiny

Opportunities

  • Emerging Markets Growth
  • Technological Advancements (e.g., AI, Robotics)
  • Expanding Healthcare Access
  • Strategic Partnerships
  • Development of Minimally Invasive Procedures

Threats

  • Increased Competition
  • Pricing Pressure
  • Regulatory Changes
  • Economic Downturns
  • Product Liability Litigation

Competitors and Market Share

competitor logo Key Competitors

  • JNJ
  • BSX
  • ABT
  • ISRG
  • SYK

Competitive Landscape

Medtronic is a leader with a comprehensive portfolio. Its scale offers an advantage, but competitors are innovating rapidly in specific areas. Medtronic needs to maintain agility and integration efficiency to compete effectively.

Major Acquisitions

Intercept Vascular Inc.

  • Year: 2024
  • Acquisition Price (USD millions): 350
  • Strategic Rationale: Accelerates Medtronic's entry into the Left Atrial Appendage (LAA) Embolization market, which is expected to grow rapidly in the next 5 years.

Affera, Inc.

  • Year: 2023
  • Acquisition Price (USD millions): 936
  • Strategic Rationale: Expanded Medtronic's cardiac ablation portfolio with differentiated technologies for atrial fibrillation and other arrhythmias.

Growth Trajectory and Initiatives

Historical Growth: Medtronic has grown steadily over the past decades through organic growth and acquisitions. Growth has slowed somewhat in recent years due to economic conditions and increased competition.

Future Projections: Analysts project moderate revenue growth for Medtronic in the coming years, driven by new product launches and expansion into emerging markets. EPS is expected to grow at a faster rate due to cost-cutting initiatives.

Recent Initiatives: Medtronic is focused on developing new technologies such as robotic-assisted surgery and AI-powered diagnostics. The company is also expanding its presence in emerging markets and investing in digital health solutions.

Summary

Medtronic is a large and established medical device company with a diversified portfolio, but faces challenges. Strengths include global reach, dividend history and financial standing. Key areas for Medtronic to focus on are efficient integration of acquisitions, navigating increased competition, and innovating for growth markets.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Medtronic PLC SEC Filings
  • Analyst Reports
  • Industry Publications
  • Company Website

Disclaimers:

The information provided is for informational purposes only and does not constitute investment advice. Market data is subject to change. Financial figures are based on the most recent available data and may be subject to revision.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Medtronic PLC

Exchange NYSE
Headquaters -
IPO Launch date 1978-01-13
Chairman of the Board & CEO Mr. Geoffrey Straub Martha
Sector Healthcare
Industry Medical Devices
Full time employees 95000
Full time employees 95000

Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally. The Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software. It also provides aortic valves, surgical valve replacement and repair products, endovascular stent grafts and accessories, and transcatheter pulmonary valves, and percutaneous coronary intervention products, percutaneous angioplasty balloons, and other products. The Neuroscience Portfolio segment offers medical devices and implants, biologic solutions, spinal cord stimulation and brain modulation systems, implantable drug infusion systems, and interventional products, as well as nerve ablation system under the Accurian name. The segment offers its products for spinal surgeons, neurosurgeons, neurologists, pain management specialists, anesthesiologists, orthopedic surgeons, urologists, urogynecologists, and interventional radiologists, as well as ear, nose, and throat specialists, and energy surgical instruments. The Medical Surgical Portfolio segment offers surgical stapling devices, vessel sealing instruments, wound closure and electrosurgery products, AI-powered surgical video and analytics platform, robotic-assisted surgery products, hernia mechanical devices, mesh implants, gynecology products, gastrointestinal and hepatologic diagnostics and therapies, and therapies to treat diseases and conditions, and patient monitoring and airway management products. The Diabetes Operating Unit segment provides insulin pumps and consumables, continuous glucose monitoring systems and sensors, and InPen, a smart insulin pen. Medtronic plc was founded in 1949 and is headquartered in Galway, Ireland.