
NYSE:SYK
This summary was created by AI, based on 8 opinions in the last 12 months.
Stryker Corp. (SYK) remains a leading player in the medical device sector, particularly in orthopedics, holding a significant market share in the U.S. With its robust robotics platform and the increasing demand driven by aging demographics, particularly in hip and knee replacements, the company shows strong potential for recovery from recent challenges, including a cybersecurity attack. Despite recent weaknesses in the broader medtech industry, many analysts express optimism around SYK's growth trajectory, with expectations of revenue and earnings per share advancing in the coming years. Additionally, Stryker's solid relationships with healthcare providers and a sticky business model (where surgeons tend to stick with suppliers) position it well for sustained success. However, some experts caution that while the stock may have long-term merits, the current investment climate may not be optimal.
They're the leader in hips, knees and robotic surgeries. They were hit by COVID because elective surgeries stopped, but those have resumed now. Their revenue growth is 4-5 times higher than peers at 6-7% while peers like Johnson and Johnson were 1-2%. Dividends keep paying. Today is okay to enter this stock, though it's trading at 30x earnings. You can buy a half position now and see what happens.
Medtronic vs. Stryker Both make medical devices, and have been impacted by COVID, because operations have been delayed. But now those ops are coming back. She owns JNJ instead, which includes a medical devices division. Unless there's a sharp uptick in the virus that shuts down hospitals again, demand for medical devices should rise and should even ramp in the near future.
Likes it. He hasn't bought it, because he isn't sure which stock to own in this sector. Abbott and Boston Scientific are better choices, he thinks, with more upside potential given product innovation.