Core Viewpoint - Medtronic's stock experienced a nearly 4% increase following a series of analyst price target hikes after the release of its fiscal Q1 2026 earnings, outperforming the S&P 500's slight decline [1][2][4]. Financial Performance - Medtronic reported an 8% revenue growth, reaching almost $8.6 billion, and a 2% increase in non-GAAP adjusted net income to slightly over $1.6 billion, both figures exceeding consensus analyst estimates [2]. Analyst Reactions - A total of seven analysts raised their price targets for Medtronic, including notable firms such as Wells Fargo, J.P. Morgan, and UBS, contributing to the stock's positive performance [4]. - Analysts provided incremental price target increases, with Mike Kratky from Leerink Partners raising his target by $1 to $111 while maintaining an outperform recommendation [5]. Operational Insights - Analysts highlighted strengths in Medtronic's cardiac ablation solutions unit, although there were concerns regarding weakness in domestic sales [6].