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MDT

MEDTRONIC PLC

Health Care · Health Care Equipment

$86.85

-0.41%

Vol: 0.1M

Araverus Market Read

Thursday, March 19, 2026

Positive

Medtronic's MiniMed diabetes IPO lifts digital health momentum amid earnings beat.

Medtronic exceeded Q3 2026 expectations with EPS of $1.36 vs. $1.34 forecast and revenue of $9B vs. $8.91B predicted. MiniMed Group raised $560 million in its U.S. initial public offering, advancing the company's diabetes solutions strategy. The stock decreased 0.25% in pre-market to $88.75, with 19 analysts recommending a Buy rating.

Price 50d 200d

Previous Market Reads

2 of 2 days

Sector Peers

CompanyPriceDay1MFwd P/EBetaMkt Cap
LLYELI$916.83-0.13%-11.4%21.8x0.43$821.2B
JNJJOHNSON$237.56+0.16%-1.8%18.9x0.33$572.6B
ABBVABBVIE$206.31-0.97%-11.4%12.8x0.33$364.6B
MRKMERCK$114.17-0.29%-5.4%11.7x0.26$282.3B
UNHUNITEDHEALTH$280.37-1.29%-2.2%14.1x0.38$254.5B
AMGNAMGEN$349.90-0.42%-6.3%15.0x0.42$188.6B
ABTABBOTT$107.19-1.12%-4.5%17.2x0.74$186.3B
GILDGILEAD$141.06-0.17%-8.6%14.7x0.37$175.2B
TMOTHERMO$470.21+1.18%-6.2%17.5x0.97$174.7B

Fundamentals

Market Cap$111.5B
P/E (TTM)24.3
Forward P/E14.3
Beta0.73
Div Yield326.00%
Prev Close$87.21

RSI (14-Day)

14Oversold
0305070100

52-Week Range

$79.55$86.85$106.33
From High-18.3%
From Low+9.2%

Moving Averages

50d SMA
$97.10-10.6%
200d SMA
$93.67-7.3%

Price below 200d MA — bearish structure.

Returns

1W
-0.6%
1M
-11.8%
3M
-10.5%
6M
-6.8%
1Y
-2.8%
YTD
-9.6%

Volume

Today88K
20d Avg7.7M
Ratio0.01x