Stryker (SYK) Stock Forecast & Price Target

$389.71 +4.80 (+1.25%)

(As of 11/26/2024 ET)

Stryker - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 20 Analyst Ratings

Sell
0

Hold
4

Buy
16

Based on 20 Wall Street analysts who have issued ratings for Stryker in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 20 analysts, 4 have given a hold rating, and 16 have given a buy rating for SYK.

Consensus Price Target

$393.65
1.01% Upside

According to the 20 analysts' twelve-month price targets for Stryker, the average price target is $393.65. The highest price target for SYK is $420.00, while the lowest price target for SYK is $350.00. The average price target represents a forecasted upside of 1.01% from the current price of $389.71.

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SYK Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	15 Buy rating(s)	15 Buy rating(s)	12 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$393.65	$381.16	$373.84	$311.30
Forecasted Upside	1.01% Upside	8.03% Upside	4.97% Upside	5.90% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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SYK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SYK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Stryker Stock vs. The Competition

Type	Stryker	Medical Companies	S&P 500
Consensus Rating Score	2.80	2.80	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	1.82% Upside	25,330.70% Upside	6.74% Upside
News Sentiment Rating	Positive News See Recent SYK News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/31/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$406.00 ➝ $411.00	+15.36%
10/31/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$402.00 ➝ $418.00	+16.11%
10/30/2024	BTIG Research 2 of 5 stars		Boost Target	Buy ➝ Buy	$383.00 ➝ $394.00	+8.50%
10/30/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$360.00 ➝ $400.00	+11.01%
10/30/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$380.00 ➝ $420.00	+17.04%
10/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$386.00 ➝ $400.00	+11.46%
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10/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$370.00 ➝ $380.00	+5.59%
10/30/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$375.00 ➝ $420.00	+16.71%
10/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$366.00 ➝ $370.00	+2.61%
10/30/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$381.00 ➝ $405.00	+12.32%
10/30/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$380.00 ➝ $384.00	+6.50%
10/30/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Matson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$393.00 ➝ $409.00	+13.85%
10/30/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$378.00 ➝ $405.00	+12.73%
9/10/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Polark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$405.00	+11.64%
7/31/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$375.00 ➝ $365.00	+11.86%
7/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$345.00 ➝ $350.00	+5.94%
5/30/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$372.00	+9.06%
5/1/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$348.00 ➝ $405.00	+24.47%
4/11/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$365.00 ➝ $400.00	+15.82%
9/5/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$310.00 ➝ $315.00	+10.74%
5/25/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$285.00 ➝ $310.00	+13.74%
5/2/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$260.00 ➝ $292.00	-0.78%
5/2/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$320.00 ➝ $345.00	+15.04%
4/23/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$275.00 ➝ $336.00	+10.69%
4/17/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$290.00 ➝ $312.00	+6.94%
1/25/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight ➝ Sector Weight
12/14/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$233.00 ➝ $283.00	+11.44%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:43 PM ET.

Should I Buy Stryker Stock? SYK Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Stryker pros and cons to contact@marketbeat.com.

Stryker
Bull Case

Here are some ways that investors could benefit from investing in Stryker Co.:

Stryker Co. recently reported earnings per share (EPS) of $2.87, exceeding analysts' expectations of $2.77, indicating strong financial performance and effective management.
The company achieved a revenue of $5.49 billion for the latest quarter, surpassing estimates and reflecting an 11.9% year-over-year growth, showcasing its robust market position.
Current stock price is $390.08, which is close to its 12-month high of $392.70, suggesting strong investor confidence and potential for further appreciation.
Analysts have a consensus rating of "Moderate Buy" for Stryker Co., with a price target averaging $393.65, indicating positive future expectations from market experts.
Institutional investors hold 77.09% of the stock, which often reflects confidence in the company's long-term stability and growth potential.

Stryker
Bear Case

Investors should be bearish about investing in Stryker Co. for these reasons:

The stock has experienced insider selling, with corporate insiders selling a total of 67,381 shares worth approximately $24.8 million in the last 90 days, which may signal a lack of confidence among those closest to the company.
Stryker Co. has a relatively high price-to-earnings (P/E) ratio of 41.81, which could indicate that the stock is overvalued compared to its earnings, potentially leading to a price correction.
The company has a debt-to-equity ratio of 0.66, which, while manageable, suggests that it is not entirely free from debt, potentially impacting its financial flexibility in adverse conditions.
Despite recent growth, the medical technology sector can be highly competitive and subject to regulatory changes, which may pose risks to Stryker's market share and profitability.
Market volatility and economic uncertainties could affect investor sentiment and stock performance, making it a riskier investment in the current climate.

SYK Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Stryker is $393.65, with a high forecast of $420.00 and a low forecast of $350.00.
: 20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stryker in the last year. There are currently 4 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SYK shares.
: According to analysts, Stryker's stock has a predicted upside of 1.01% based on their 12-month stock forecasts.
: Stryker has been rated by research analysts at Barclays, BTIG Research, Canaccord Genuity Group, Citigroup, Evercore ISI, JPMorgan Chase & Co., Needham & Company LLC, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Truist Financial, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Stryker more than other "medical" companies. The consensus rating score for Stryker is 2.80 while the average consensus rating score for "medical" companies is 2.80. Learn more on how SYK compares to other companies.

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This page (NYSE:SYK) was last updated on 11/26/2024 by MarketBeat.com Staff

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Stryker (SYK) Stock Forecast & Price Target