Jeff Lewis
Wed, March 25, 2026 astatine 5:35 AM CDT 2 min read
Medtronic plc (NYSE:MDT) is 1 of the 7 Most Undervalued Blue Chip Stocks to Invest In.
On March 23, 2026, Medtronic plc (NYSE:MDT) received U.S. FDA support for an expanded denotation for its OmniaSecure defibrillation lead, present allowing placement successful the near bundle subdivision country for conduction strategy pacing. The institution said this attack much intimately mimics the heart’s earthy physiology, with further benefits for patients requiring cardiac resynchronization done combined pacing techniques.
On March 10, 2026, Medtronic plc (NYSE:MDT) announced a definitive statement to get Scientia Vascular for $550M, with imaginable further earn-out payments. The institution said the deal, expected to adjacent successful the archetypal fractional of FY27, volition beryllium minimally dilutive to adjusted EPS successful FY27 and accretive thereafter. Scientia operates successful Salt Lake City with astir 310 employees.
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Last month, Medtronic plc (NYSE:MDT) reported Q3 EPS of $1.36, supra the $1.34 statement estimate, connected gross of $9.02B versus $8.89B expected. CEO Geoff Martha said the institution delivered “strong” show with 6% integrated gross growth, highlighting continued concern successful innovation and enlargement into caller markets to enactment semipermanent growth.
Medtronic plc (NYSE:MDT) develops and manufactures aesculapian devices and therapies utilized crossed a scope of healthcare applications.
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READ NEXT: 33 Stocks That Should Double successful 3 Years and 15 Stocks That Will Make You Rich successful 10 Years.
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