Why Medtronic Stock Raced Higher Today
A clutch of post-earnings price target increases by analysts helped raise 's (NYSE: MDT) stock at a healthy rate on Wednesday. The sturdy medical device specialist's shares rose by almost 4% on the day as a consequence, a rate that looked especially good next to the S 500's (SNPINDEX: ^GSPC) 0.2% drop.
Following a trend that began Tuesday after Medtronic published its first quarter of fiscal 2026 figures. The company posted revenue growth of 8% (to almost $8.6 billion), and improved non-GAAP (generally accepted accounting principles) adjusted net income by 2% to slightly over $1.6 billion. Both headline numbers beat the consensus analyst estimates, albeit not by much.
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Source Fool.com
Medtronic plc Aktie
83,93 €
-1,43 %
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