Analyst Ratings January 30, 2026

BTIG nudges Stryker price target to $412 after Q4 beat; keeps Buy rating

Revenue and adjusted EPS top estimates as MedSurg & Neurotechnology drives outperformance; FY26 guidance in line with consensus

By Leila Farooq SYK
BTIG nudges Stryker price target to $412 after Q4 beat; keeps Buy rating
SYK

BTIG raised its 12-month price target on Stryker to $412 from $410 while retaining a Buy rating following the medical-device maker's fourth-quarter 2025 results. Stryker posted quarterly revenue of $7.2 billion and adjusted EPS of $4.47, both modestly ahead of expectations. Management issued fiscal 2026 guidance for high-single-digit organic growth and adjusted EPS between $14.90 and $15.10, roughly in line with consensus forecasts.

Key Points

  • BTIG raised its Stryker price target to $412 from $410 and kept a Buy rating after Q4 2025 results.
  • Stryker reported Q4 revenue of $7.2 billion and adjusted EPS of $4.47, both modestly ahead of estimates; MedSurg & Neurotechnology outperformed while Orthopedics slightly underperformed.
  • Fiscal 2026 guidance calls for 8.0%-9.5% organic growth and adjusted EPS of $14.90-$15.10, roughly in line with consensus; Stryker's P/E stands at 46.36 and it has a long history of dividend payments and increases.

BTIG has increased its price objective for Stryker (NYSE:SYK) to $412 from $410 and maintained a Buy rating after the company reported fourth-quarter 2025 results. Analyst targets for Stryker span a range from $316 to $465, based on InvestingPro data, while the stock was trading at $354.30 at the time of the report.

Stryker delivered quarterly revenue of $7.2 billion, up 11.4% year over year. Excluding foreign exchange effects, revenue rose 10.4%, and the company reported 11.0% organic growth for the quarter. These top-line figures exceeded BTIG's internal estimates by 2.6% and surpassed Street expectations by 0.7%.

Over the trailing twelve months Stryker recorded revenue growth of 10.95%, and it has sustained a five-year compound annual growth rate (CAGR) in revenue of 9%.

Performance across Stryker's business units was mixed but tilted positive overall. The MedSurg & Neurotechnology segment outpaced Street estimates by 1.5%, while the Orthopedics segment underperformed by 0.3%. Within the company, particularly strong showings were cited in Instruments, Endoscopy, and Vascular.

On profitability, Stryker reported adjusted earnings per share of $4.47 for the quarter. That result surpassed BTIG's estimate by 1.8% and the Street consensus by 1.7%. Gross margin and operating margin metrics were largely consistent with Street expectations.

For fiscal year 2026 the company set guidance for organic growth of 8.0% to 9.5% and issued an adjusted EPS range of $14.90 to $15.10. These guidance figures are comparable to consensus estimates, which sit at approximately 8.5% organic growth and $14.97 in adjusted earnings per share.

Additional data points highlighted by InvestingPro note Stryker's standing within the Healthcare Equipment & Supplies industry, including a price-to-earnings ratio of 46.36. The company has paid a dividend for 35 consecutive years and has increased that dividend for 16 consecutive years. InvestingPro also lists analyst target dispersion from $316 to $465 and indicates further research resources are available for investors seeking deeper analysis.

Market reaction included a small decline in after-hours trading despite the earnings and revenue beats, underscoring that even modest deviations from investor expectations can produce immediate share-price movement.


What this means

Stryker's quarterly beat on revenue and adjusted EPS, combined with a maintained and slightly higher BTIG price target, reinforces the company's current trajectory of mid-to-high single-digit organic growth and steady earnings. Segment-level strength in MedSurg & Neurotechnology helped offset a minor shortfall in Orthopedics, while Instruments, Endoscopy, and Vascular were singled out for particularly strong results.

Risks

  • Segment variability - Orthopedics underperformed Street estimates by 0.3%, which could signal sensitivity in surgical implants and joint-replacement markets; this affects the Healthcare Equipment & Supplies sector.
  • Market reaction risk - The stock fell slightly in after-hours trading despite beats, showing that even small deviations or guidance nuances can pressure equity prices; this impacts equity market participants and healthcare investors.
  • Guidance execution - Fiscal 2026 guidance is near consensus but still requires execution across multiple divisions; failure to meet the 8.0%-9.5% organic growth or the $14.90-$15.10 EPS range would carry downside risk for investor expectations.

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