Stryker Corporation (NYSE:SYK) is included among the 15 Blue Chip Dividend Stocks to Build a Passive Income Porfolio.
On November 14, Truist’s analyst Richard Newitter boosted the price target on Stryker Corporation (NYSE:SYK) to $400 from $392 and maintained a Hold rating on the stock. The analyst noted that the company’s Investor Day stressed its position as one of the stronger large-cap MedTech names with ‘muscle’, with the ability to deliver steady operating leverage each year. That said, the firm is maintaining a neutral stance for now, highlighting its preference for companies with steady revenue growth and faster earnings.
In its earnings for the third quarter of 2025, Stryker Corporation (NYSE:SYK)’s management noted the company’s commitment to margin expansion and strong performance despite tariff headwinds. The company’s revenue for the quarter was $6.1 billion, which grew by over 10% from the same period last year. Its organic sales rose by 9.5%, which included 9.1% from increased unit volume and 0.4% from higher prices. The company now expects organic net sales growth of 9.8% to 10.2%.
In addition to strong earnings growth, Stryker Corporation (NYSE:SYK)’s 32-year dividend growth streak is also appealing to income investors. Moreover, the payout ratio of around 43% indicated future dividend growth.
Stryker Corporation (NYSE:SYK) is a medical technology company that manufactures and markets a wide range of products and services.
While we acknowledge the potential of SYK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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