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Medtronics

Blasting through the trend....too early for $133? Trying to sound like I know something...overbought here as it's accelerating too quickly. I think we bounce down as some (smarter than me) take well timed profits. Still heading for $133...still long...I just think this is too fast
NYSE:MDTLong
by Honkytime
MDT price target raised to 133; pent-up demand provides tailwindMDT price target was just upgraded to $133 by Citi. I see it overshooting that in the long run. Elective surgeries have been put off and doctor visits have been down throughout the pandemic so the amount of pent-up demand for surgical/medical care is going to be through the roof. With an aging population, healthcare is a MUST as a sector to allocate to. MDT is an excellent way to play this sector. After periods of consolidation, MDT looks ready to head towards it's price target. My guess is it hits $150 before it reaches any significant resistance. In terms of fundamentals, their current ratio is 2.1020, meaning they could pay their current liabilities 2 times over if sh*t hit the fan and business came to a complete halt. Highly unlikely, but if it did happen, you would be sheltered for a period of time.
NYSE:MDTLong
by EBITDAtiger
Updated
22

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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