On Oct 30, major Wall Street analysts update their ratings for $Stryker Corp (SYK.US)$, with price targets ranging from $370 to $420.
BofA Securities analyst Travis Steed maintains with a buy rating, and sets the target price at $400.
UBS analyst Danielle Antalffy maintains with a hold rating, and adjusts the target price from $351 to $370.
Wells Fargo analyst Larry Biegelsen maintains with a buy rating, and adjusts the target price from $381 to $405.
Jefferies analyst Matthew Taylor maintains with a buy rating, and adjusts the target price from $400 to $415.
Baird analyst Jeff Johnson maintains with a buy rating, and adjusts the target price from $378 to $405.
Furthermore, according to the comprehensive report, the opinions of $Stryker Corp (SYK.US)$'s main analysts recently are as follows:
Stryker's recent financial results exceeded expectations, with the prospect of growth by 2025 being attributed to the launch of new products and the anticipated contributions from mergers and acquisitions, which include about seven deals in the pipeline. Additionally, the continued expansion of the Mako platform, particularly with two new indications, is expected to bolster growth. The analyst's position remains neutral pending stronger confidence in sales and earnings per share outperformance relative to consensus estimates.
Stryker reported robust and diverse results for Q3, with revenue surpassing expectations. Although the implied organic growth rate is somewhat below the company's historical trend for a seasonally strong quarter, Stryker anticipates maintaining healthy procedural dynamics, favorable pricing, and product growth drivers to uphold its premium growth trajectory.
The recent quarter showcased another strong performance, with global organic growth returning to double-digit figures. This marks a significant milestone as orthopedic pricing has seen a positive turn for the first time in ten years, and earnings per share have been expanding at or above the mid-teen rate.
Stryker's third-quarter results presented a positive surprise in sales, particularly led by its MedSurg division. The projection for the fourth quarter is deemed to be on the cautious side, while the company's strong business momentum is expected to carry on through 2025.
Here are the latest investment ratings and price targets for $Stryker Corp (SYK.US)$ from 12 analysts:
Note:
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