Does This Move Make Medtronic Stock a Buy?
Over the past few years, Medtronic (NYSE: MDT) has faced significant challenges, including a pandemic-induced slowdown, relatively slow revenue growth, and economic issues that impacted its financial results. Throughout it all, Medtronic's diabetes care business has consistently been one of its fastest-growing segments.
However, the healthcare leader recently announced some news regarding this unit that might surprise some investors. Let's find out more about it and discuss what it means for Medtronic's prospects.
Medtronic markets several products within its diabetes care segment. Perhaps its most important line is its insulin pump franchise. One of the latest iterations of this was the MiniMed 780G, which came with several nifty features, including automatic insulin dose corrections. Medtronic also markets continuous glucose monitoring (CGM) systems that allow diabetes patients to keep track of their blood sugar levels, with constant measurements every few minutes.
Source Fool.com
Medtronic plc Stock
With 18 Buy predictions and not the single Sell prediction the community is currently very high on Medtronic plc.
As a result the target price of 94 € shows a slightly positive potential of 17.79% compared to the current price of 79.8 € for Medtronic plc.
