Medtronic's Fair Value Falls Between Caution And Optimism

2026-05-28 06:03:40 ET

Medtronic plc ( MDT ) is one of the major medical equipment companies in the world, and I have covered the company in the past. However, it has been about 4.5 years since I published my last article about the company, as I considered the stock too expensive and did not really focus on the company in the last few years. In the conclusion of my last article, I explained why I considered the stock to be a “Hold” at best:

In the recent past, other contributors argued for a rebound and Medtronic might very well climb higher again after the steep decline in the last few weeks. But I still have my doubts if Medtronic is a good long-term investment at this point. When considering the company’s growth assumptions as realistic, Medtronic would be slightly undervalued right now. Medtronic is a solid business with an economic moat, but I have my doubts if Medtronic is able to grow in the high-single digits in the years to come and if Medtronic should grow with a slower pace, the stock is still overvalued.

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