3 Things About Medtronic That Smart Investors Know
(NYSE: MDT) is one of the largest medical equipment makers in the world with 95,000 employees across 150 countries and a market capitalization of $108 billion. The company's stock is up a little more than 6% so far this year. While that's below the S 500's rise of nearly 16%, the company is outperforming many of its healthcare peers, who as a sector are down more than 3% so far this year.
Over the past decade, the Dublin, Ireland-based company has increased annual revenue by 83%, but its shares have only risen 53% over that period. The stock deserves a second look as it is not only a solid income stock, but also one with growth potential, thanks in part to the company's use of artificial intelligence (AI).
Here are three things about the company that smart investors know:
Source Fool.com
Medtronic plc Stock
With 8 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 92 € shows a positive potential of 20.21% compared to the current price of 76.53 € for Medtronic plc.
