- MDT +0.30%
Medtronic plc (NYSE:MDT) is included among the 15 Best Boring Dividend Stocks to Buy.
Barclays Adjusts Medtronic (MDT) Forecast After Encouraging Earnings Report On November 20, Barclays raised its price target on Medtronic plc (NYSE:MDT) to $111 from $109 while maintaining an Overweight rating, following a strong quarter that exceeded expectations and prompted the firm to increase its estimates, as reported by The Fly.
For the second quarter of fiscal 2026, which ended on October 24, Medtronic plc (NYSE:MDT) reported sales of $9 billion, a 6.6% increase compared with the same period last year. Adjusted earnings per share rose 8% year over year to $1.36. While these figures might appear modest at first glance, they represent a solid performance for a medical device leader, with both revenue and EPS coming ahead of analyst projections and the company’s own guidance.
Medtronic plc (NYSE:MDT)’s cardiovascular segment was a key contributor to its strong results, posting revenue of $3.4 billion, up 10.8% year over year. This growth outpaced even the company’s smaller diabetes care unit, and represents the fastest rate for the cardiovascular segment in more than a decade outside of pandemic-related dynamics.
Medtronic plc (NYSE:MDT) continues to be recognized for its innovation, consistently launching new products and maintaining a vast portfolio of hundreds of devices. This breadth helps the company generate steady revenue, earnings, and free cash flow, which is an appealing trait for any business.
Medtronic plc (NYSE:MDT) develops and manufactures medical devices and therapies designed to treat a wide variety of health conditions, with the aim of reducing pain, restoring health, and extending life.
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