SYK STRYKER CORP
Price Chart
Executive Summary
Citizens upgraded Stryker (SYK) to Market Outperform from Market Perform on December 19, 2025, with a $440 price target, representing ~40% upside from the current $315.13. The action was part of a six-firm analyst cluster including Morgan Stanley, Goldman Sachs, and Needham, amplifying the near-term catalyst. Despite the bullish upgrade, Citizens has a poor track record: 38% accuracy on 137 calls with a -6.6% average return. Consensus is heavily bullish — 27 of 36 analysts rate Buy (75%), 9 Hold, zero Sells. The mean price target is $419.11, implying 33% upside. However, EPS estimates have seen three downward revisions in the last 30 days for the current year. Insiders sold over $6.7M in February 2026, and FMR trimmed large positions, though Norges Bank initiated a $1.8B stake and Renaissance Technologies doubled its holding. Short interest is elevated at 57.6%. The upgrade cluster provides a bullish signal but is undermined by weak trigger-firm accuracy, downward estimate drift, and insider selling.
Impact Score
Consensus & Targets
Of 36 analysts covering SYK, 27 rate it Buy (12 Strong Buy, 15 Buy) and 9 rate it Hold. Zero Sell or Strong Sell ratings. This is a heavily bullish consensus with 75% Buy calls. The average price target is $419.11, median $420, high $469, low $316.
Current price $315.13. Mean target $419.11 implies 33% upside. High target $469 (49% upside), low $316 (near current). Citizens' $440 target is above the mean and median, ranking in the top quartile. The target range is wide, suggesting divergence among analysts on fair value.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-05-01 | JP Morgan | maintain | Overweight | $400.00 |
| 2026-05-01 | Evercore ISI Group | maintain | Outperform | $355.00 |
| 2026-05-01 | Wells Fargo | maintain | Overweight | $418.00 |
| 2026-05-01 | Needham | maintain | Buy | $418.00 |
| 2026-05-01 | BTIG | maintain | Buy | $379.00 |
| 2026-04-15 | Truist Securities | maintain | Hold | $380.00 |
| 2026-04-14 | BTIG | reiterate | Buy | $397.00 |
| 2026-04-13 | Leerink Partners | initiate | Outperform | $410.00 |
| 2026-04-09 | Goldman Sachs | maintain | Neutral | $357.00 |
| 2026-04-07 | Citigroup | maintain | Buy | $385.00 |
In the last 30 days, there has been 1 upgrade (Citizens) and 0 downgrades. EPS revisions show a slight negative drift: for the current fiscal year, 3 downward revisions in the past 30 days vs 0 upward. Next quarter estimates saw 1 up and 1 down. Overall, estimates are being modestly reduced, which diverges from the bullish analyst action.
Firm Track Record — Citizens
Citizens accuracy: 38% on 137 calls | avg return: -6.6%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Piper Sandler | 100% | 3/3 | 4.8% | top tier |
| Roth MKM | 100% | 2/2 | 0.9% | top tier |
| UBS | 100% | 3/3 | 6.2% | top tier |
| Baird | 100% | 2/2 | 4.7% | top tier |
| BTIG | 89% | 8/9 | 4.6% | top tier |
| JMP Securities | 67% | 2/3 | 0% | top tier |
| Stifel | 67% | 2/3 | 2% | top tier |
| Truist Securities | 64% | 7/11 | 1.3% | top tier |
| Evercore ISI Group | 63% | 5/8 | 1.4% | top tier |
| Barclays | 60% | 3/5 | 2.4% | above average |
Citizens has a 38% accuracy rate on 137 analyst calls, well below average for SYK coverage. Its average return per call is -6.6%. Best performers on SYK include Piper Sandler (100% accuracy on 3 calls, avg +4.8%), UBS (100% on 3, +6.2%), and BTIG (89% on 9, +4.6%). Among lower-tier firms, Goldman Sachs (50% on 2) and JP Morgan (50% on 2) show mixed results. Citizens ranks near the bottom.
Earnings Estimates
Next earnings: Jul 29, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| +1q | $3.46 | $3.28 — $3.52 | $6.6B | ↑1 ↓0 |
| 0q | $2.98 | $2.86 — $3.07 | $6.3B | ↑0 ↓0 |
| 0y | $14.96 | $13.97 — $15.10 | $27.3B | ↑0 ↓0 |
| +1y | $16.74 | $15.88 — $17.10 | $29.6B | ↑0 ↓0 |
Cross-Platform Signals
Insider selling: Ronda E. Stryker sold $6.7M in shares in early February 2026, and another executive $175K. Institutional flows mixed: FMR LLC trimmed 42.1% and 28.1% in two recent filings, while Norges Bank opened a new $1.8B position. Renaissance Technologies doubled its stake (+293.6%). Short interest is high at 57.6% of volume, indicating bearish sentiment from short sellers. The convergence of analyst upgrades with insider sells and short interest divergence suggests caution.
Actionable Insight
The cluster of analyst upgrades provides a bullish signal, but the negative insider activity, high short interest, and downward EPS revisions warrant a wait-and-see approach. Traders should consider that the poor track record of Citizens and mixed cross-platform signals argue against chasing the upgrade immediately.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 13, 2026
today
|
ANALYST-UPGRADE
| $339.19 awaiting T+5 | awaiting T+5 | — | $312.20 (−7.96%) |
|
May 31, 2026
12d ago
|
ANALYST-UPGRADE
| $355.05 $352.34 | ▼ −0.76% | ▼ −1.88% | $312.20 (−12.07%) |
|
May 29, 2026
14d ago
|
Insider Cluster
| $299.24 $305.66 | ▲ +2.15% | ▲ +4.90% | $312.20 (+4.33%) |
|
May 29, 2026
14d ago
|
Insider Cluster
| $299.24 $305.66 | ▲ +2.15% | ▲ +4.90% | $312.20 (+4.33%) |
|
May 13, 2026
4w ago
|
ANALYST-UPGRADE
| $347.00 $338.34 | ▼ −2.50% | ▼ −5.79% | $312.20 (−10.03%) |
|
May 1, 2026
6w ago
|
ANALYST-UPGRADE
| $355.05 $352.34 | ▼ −0.76% | ▼ −1.88% | $312.20 (−12.07%) |
|
Apr 30, 2026
6w ago
|
Press Release
| $293.78 $285.47 | ▲ +2.83% | ▲ +5.18% | $312.20 (−6.27%) |
|
Apr 30, 2026
6w ago
|
Court Ruling
| $313.85 $292.33 | ▼ −6.86% | ▼ −8.58% | $312.20 (−0.52%) |
|
Apr 13, 2026
8w ago
|
Press Release
| $347.00 $338.34 | ▼ −2.49% | ▼ −5.79% | $312.20 (−10.03%) |
|
Apr 1, 2026
10w ago
|
Press Release
| $329.40 $338.56 | ▲ +2.78% | ▼ −0.98% | $312.20 (−5.22%) |
US Market Status
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