Medtronic (MDT) Stock News Today: Hugo Robot FDA Clearance, Diabetes Spin-Off and Dividend Strength Shape 2026 Outlook
Medtronic closed at $101.36–$101.39 on December 5, with a market cap near $130 billion and a P/E ratio of 27.4. Wall Street Zen downgraded the stock to “Hold” on December 6, citing limited near-term upside after a 30% year-to-date gain. Amundi raised its stake by 18.8% in Q2, while Tema ETFs disclosed a new position. The average analyst price target stands at $110–$111.