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Is Medtronic Stock a Buy Now?

TheMotleyFool

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Is Medtronic Stock a Buy Now?Photo, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png

Like all growth stocks, medical device maker Medtronic (NYSE: MDT) had a difficult 2022, with its stock plunging 25%. However, 2023 appears to be off to a good start for the company. The stock is up 8%, compared to a 4.5% gain for the S&P 500.

On Feb. 21, the company reported its third-quarter fiscal 2023 results, with a positive outlook for the rest of the year. Let's dig into its quarterly results to determine if Medtronic is a good buy right now.

MDT EPS Diluted (Annual) data by YCharts

Source Fool.com

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