Medtronic plc logo MDT - Medtronic plc

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 30
HOLD 20
SELL 0
STRONG
SELL
0
| PRICE TARGET: $98.00 DETAILS
HIGH: $115.00
LOW: $83.00
MEDIAN: $98.00
CONSENSUS: $98.00
UPSIDE: 5.64%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 65.8% above fair value
Current Price $92.77
Bear Case $44.76 51.8% downside ($44.76 - $92.77) / $92.77 = -51.8% $3.73 × 12x P/E
Fair Value $55.95 39.7% downside ($55.95 - $92.77) / $92.77 = -39.7% $3.73 × 15x P/E
Bull Case $67.14 27.6% downside ($67.14 - $92.77) / $92.77 = -27.6% $3.73 × 18x P/E

Adjust Assumptions

15.0x
3.73$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 24.9x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $3.73, the base-case value is $55.95 per share. DDM cross-check: $46.71.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (51 analysts) $98.00
Analyst Range $83.00 – $115.00
Divergence from AlphaVal 43%

Warnings

Wall Street's average price target is $98.00 (from 51 analysts). Our estimate is 43% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples