
NYSE:SYK
This summary was created by AI, based on 8 opinions in the last 12 months.
Stryker Corp. (SYK) is a leading player in the medical device sector, particularly in orthopedics, with a notable 70% market share in the U.S. robotics platform. The company, which primarily generates its revenue from the U.S. market, is seen as well-positioned to capitalize on the aging population, as demand for hip, knee, shoulder, and spine procedures increases. Despite recent challenges, including a cybersecurity attack and overall weakness in the health sector, analysts are optimistic about SYK's recovery potential and growth trajectory. Furthermore, Stryker's solid relationships with medical professionals and a consistent dividend increase bolster the investment case. Most analysts express confidence in SYK's ability to achieve substantial earnings per share growth while maintaining an attractive valuation in a growing market.
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.