Buy This Stock For Long Term

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Buy This Stock For Long Term

Buy This Beaten-Down Stock For the Next 10 Years

The major US stock indices are sitting at record highs. But still, you can find several stocks that are undervalued and could return a solid return over a long-term horizon.

One such stock is Medtronic (MDT), which is a leader in the healthcare technology sector. Analysts think Medtronic is one of those stocks which you can buy and hold for the next 10 years.

Medtronic Products Are In High Demand

The results of Medtronic for Q1 2027 showed that revenue is up by 13.7%. The reported number for revenue was $9.8 billion. The adjusted EPS has also increased by 15.1% y/y. For the full FY2027, Medtronic has already raised its EPS and revenue growth guidance.

Despite these strong results, the Medtronic stock price is still down a little on a year-over-year basis. Meanwhile, the S&P 500 is sitting at a 12% gain.

So, it is clear that Medtronic is doing well based on the recent quarterly results. As a result, it is a no-brainer to consider buying Medtronic stock at the current levels.

The data shows that Medtronic's most popular product as of now is cardiac ablation solutions. It is used in the procedure for the treatment of irregular heartbeats. Analysts think it is one of the most innovative products that Medtronic has launched in the last few years.

Revenue from cardiac ablation solutions is already up 88% y/y during the first quarter. This clearly highlights that we can expect this trend to continue for the rest of the financial year.

In the next few years, the Hugo robotic-assisted surgery system of Medtronic could also see huge traction. So, we can also expect this system to start having a positive impact on the company's financial results. The robot-assisted surgery market is expected to grow rapidly in the next 10 years.

Another positive thing about Medtronic is that it has been raising dividend yield for 49 years now. This puts it close to joining the Dividend Kings club. Overall, Medtronic stock is a good option for those who want to buy and hold for the long term.

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