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Smith & Nephew Snats (SNN)
NYSE:SNN

Smith & Nephew Snats (SNN) AI Stock Analysis

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SNN

Smith & Nephew Snats

(NYSE:SNN)

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Outperform 72 (OpenAI - 5.2)
Rating:72Outperform
Price Target:
$40.00
â–²(21.36% Upside)
Action:UpgradedDate:03/05/26
The score is driven primarily by improving financial performance (margin and cash flow rebound) and supportive technicals (price above major moving averages with positive momentum). Valuation is only average at a 22.7 P/E, while the earnings call adds confidence via upbeat 2026 growth/profit guidance but flags meaningful near-term tariff and reimbursement headwinds.
Positive Factors
Free cash flow generation
Strengthening operating cash flow and FCF over the last two years demonstrates durable cash conversion and internal funding capacity. This supports disciplined capital allocation (buybacks, dividends, targeted M&A), funds R&D/launches, and reduces reliance on external financing during multi-year execution of strategy.
Margin expansion and profitability rebound
Material margin recovery reflects structural improvements from the 12-Point Plan: cost savings, manufacturing optimization and productivity. Higher trading margins and sustained gross margins improve resilience to price or cost shocks and provide runway to reinvest in growth while lifting returns on capital over the medium term.
Innovation-led growth & product adoption
High proportion of growth from recent launches plus strong robotics adoption indicates durable product-cycle momentum and differentiation. New implants, biologics and robotics deepen clinical stickiness, create recurring consumable revenue streams, and support sustained share gains across orthopaedics and sports medicine.
Negative Factors
Elevated leverage and limited deleveraging
Moderate but persistent leverage reduces strategic flexibility if growth or margins weaken. With debt roughly flat as equity and operations grow, the company may face constraints on large bolt-on M&A, quicker buybacks, or extraordinary investments without extending maturities or raising costs of capital over the medium term.
Reimbursement pressure in wound portfolio
Significant reimbursement changes materially reduce pricing and margins for a specialised product category. Because payer policy can be persistent, the wound-care subsegment faces durable downside to revenue and profit unless offset by pricing shifts, new clinical evidence, or successful cost-out programs.
China procurement reforms and revenue pressure
Value‑based procurement in China has structurally depressed ASPs and volumes, producing a sustained top-line and margin headwind in a previously high-growth market. Recovery depends on navigating local procurement programs and lower-price competition, creating lasting uncertainty for Greater China contribution to growth.

Smith & Nephew Snats (SNN) vs. SPDR S&P 500 ETF (SPY)

Smith & Nephew Snats Business Overview & Revenue Model

Company DescriptionSmith & Nephew plc, together with its subsidiaries, develops, manufactures, markets, and sells medical devices worldwide. The company offers knee implant products for knee replacement procedures; hip implants for the reconstruction of hip joints; and trauma and extremities products that include internal and external devices used in the stabilization of severe fractures and deformity correction procedures. It also provides sports medicine joint repair products for surgeons, including instruments, technologies, and implants necessary to perform minimally invasive surgery of the joints, such as the repair of soft tissue injuries and degenerative conditions of the knee, hip, and shoulder, as well as meniscal repair systems. In addition, the company offers arthroscopic enabling technologies comprising fluid management equipment for surgical access, high-definition cameras, digital image capture, scopes, light sources, and monitors to assist with visualization inside the joints, radio frequency, electromechanical and mechanical tissue resection devices, and hand instruments for removing damaged tissue; and ear, nose, and throat solutions. Further, it provides advanced wound care products for the treatment and prevention of acute and chronic wounds, which comprise leg, diabetic and pressure ulcers, burns, and post-operative wounds; advanced wound bioactives, including biologics and other bioactive technologies for debridement and dermal repair/regeneration, as well as regenerative medicine products including skin, bone graft, and articular cartilage substitutes; and advanced wound devices, such as traditional and single-use negative pressure wound therapy, and hydrosurgery systems. It primarily serves the healthcare providers. Smith & Nephew plc was founded in 1856 and is headquartered in Watford, the United Kingdom.
How the Company Makes MoneySmith & Nephew Snats generates revenue through the sale of medical devices and products across its key sectors. The company's primary revenue streams include the sale of advanced wound care products, orthopedic implants, and surgical instruments. Revenues are significantly bolstered by ongoing partnerships with hospitals, clinics, and healthcare providers, which facilitate the distribution of their products. Additionally, SNN invests in research and development to innovate and expand its product offerings, which helps to maintain competitive pricing and capture new market segments. The company also benefits from recurring revenue through consumable products that require regular replenishment.

Smith & Nephew Snats Key Performance Indicators (KPIs)

Any
Any
Revenue by Geography
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Chart InsightsSmith & Nephew's revenue growth in established markets remains robust, driven by strategic improvements and strong performance in the U.S., which saw an 8.7% increase. However, emerging markets face challenges, particularly in China, leading to a slight decline. The company is focusing on operational efficiencies and a significant share buyback, reflecting confidence in its financial health. Despite tariff headwinds and specific segment challenges, the overall outlook is positive, with continued emphasis on profitability and cash flow generation.
Data provided by:The Fly

Smith & Nephew Snats Earnings Call Summary

Earnings Call Date:Mar 02, 2026
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call conveyed strong execution and momentum: double-digit improvement in key profitability and cash metrics for FY2025 (margin expansion, $840M free cash flow, adjusted EPS +21%), broad-based revenue growth across business units, record adoption of CORI robotics, and clear cost-savings progress. Management provided constructive FY2026 guidance (~6% organic revenue growth, ~8% trading profit growth) and a disciplined capital allocation approach including targeted M&A (Integrity) aligned with strategy. Offsetting these positives are significant, but largely manageable, near-term headwinds: China VBP effects (now smaller on top line but still weighing on profit), CMS skin-substitute reimbursement changes (material near-term pressure on that subcategory), tariff and reimbursement impacts, and a one-off $159M portfolio rationalization charge. Overall the positives (growth, margin expansion, cash generation, innovation pipeline and cost savings) materially outweigh the near-term challenges and one-off charges, with a credible plan to offset headwinds and deliver further improvement over the medium term.
Q4-2025 Updates
Positive Updates
Full-Year Revenue Growth
FY2025 revenue of $6.2B, up 5.3% underlying (6.1% reported), ahead of guidance; 2022–2025 revenue CAGR of 5.7%.
Strong Q4 Performance
Q4 revenue of $1.7B, up 6.2% underlying and 8.3% reported (210 bps FX tailwind); average daily sales growth of 4.5% and broad-based regional growth (U.S. +5.6%, other established +7.2%, emerging +6.4%).
Margin Expansion and Trading Profit
Trading profit rose to $1.2B for the year (+$162M year-on-year) and trading margin expanded 160 basis points to 19.7% in FY2025 (gross margin 70.9%, +60 bps).
Cash Generation and Returns
Free cash flow of $840M, up 52.5% year-on-year and well ahead of initial guidance (> $600M); net debt $2.76B with leverage ~1.7x adjusted net debt/EBITDA; ROIC improved to 8.3% (9.9% excluding portfolio rationalization).
Operational Progress and Cost Savings
Cumulative efficiency savings of $280M achieved to end-2025 against a $325–375M by-2027 target; 160 bps FY25 margin expansion driven by enterprise-wide cost savings, manufacturing optimization, productivity and portfolio rationalization; group days sales inventory reduced materially (group DSI down 21 days excl. rationalization, 51 days incl.).
Innovation-led Growth
Over 60% of 2025 growth came from products launched in the last five years; 44 product launches over the last 3 years and guidance to launch 16 products in 2026; record CORI placements globally with 45% of CORI placements in ASCs and CORI-associated accounts showing Knee growth ~850 bps higher.
Portfolio and Capital Actions
Completed $500M share buyback in H2 2025; adjusted EPS grew 21% to $1.02 (benefitting from buyback); full-year dividend proposed +4.3% to $0.391; announced acquisition of Integrity Orthopaedics (up to $450M) to strengthen shoulder/rotator cuff franchise.
Negative Updates
China VBP Headwinds
China Value-Based Procurement (VBP) created a peak FY2025 headwind of ~170 basis points to group growth; Greater China sales fell roughly one-third from ~$210–220M in 2024 to ~$160M in 2025; China expected to be broadly neutral on top-line in 2026 but to reduce profit by ~$15–20M due to AET/ENT VBP.
Skin Substitutes / CMS Reimbursement Impact
CMS pricing cap and reimbursement changes expected to reduce prices in the physician office/mobile channels by ~20–25% for Smith & Nephew's skin-substitute portfolio, implying ~15–20% revenue reduction in that subcategory and an estimated $20–40M incremental negative impact to trading profit in 2026.
Bioactives Softness and AWM Modest Growth
Bioactives declined 0.5% in Q4 2025 as the business lapped a prior-year product launch and faced channel slowdown; Advanced Wound Management grew only 2.8% in Q4 (AWC +4.4%), indicating slower momentum in some wound subsegments.
Inventory / Portfolio Rationalization Charge
A $159M inventory/portfolio rationalization charge was recognized related to SKU rationalization (circa two-thirds reduction in Ortho SKUs and ~10% Sports SKU reduction); this is a one-off but reduces near-term reported profitability and required inventory adjustments.
Ortho U.S. Knees Inconsistency and Near-Term Phasing
U.S. Knee growth has been inconsistent despite recent improvement; management expects a softer Q1 2026 and deliberate trade-offs on growth/profit/asset efficiency as LANDMARK knee rollout and commercialization investments are phased (aiming for market growth by Q4).
Near-Term Headwinds to Profitability
Extraordinary headwinds called out for 2026 include increased tariffs (~$60M vs $17M in 2025), potential $20–40M impact from wound reimbursement changes, inventory revaluation and ENT VBP in China; Integrity acquisition is expected to be marginally dilutive to trading profit in 2026 (neutral in 2027, accretive in 2028).
Modest FY2026 Free Cash Flow Guidance and Increased Restructuring
Free cash flow guidance for 2026 is around $800M (slightly below FY2025 $840M) and management expects a small temporary increase in restructuring costs in 2026 relating to manufacturing network optimization (site closures and transitions).
Company Guidance
Smith & Nephew guided 2026 to around 6% organic revenue growth and roughly 8% organic trading profit growth (with trading profit expected to grow ahead of revenue), and advised total trading profit of about $1.3 billion including the Integrity Orthopaedics acquisition (marginally dilutive in 2026, broadly neutral in 2027 and accretive in 2028). Management expects free cash flow of ~ $800 million in 2026, group ROIC >10% excluding Integrity, and finished 2025 with leverage of ~1.7x adjusted net debt/EBITDA (buybacks to be considered subject to a ~2x target), while maintaining a dividend payout ratio of 35–40%. Guidance is phased to a stronger second half (H1 revenue growth ~4.5–5% and H2 ~7.5–8%; profit growth H1 ~5.5–6% and H2 ~9–10%), factors in one fewer trading day in Q1 and one extra in Q4, and assumes headwinds of c.$60m from tariffs (vs $17m in 2025) and $20–40m incremental impact from wound reimbursement that management expects to more than offset via ~ $150m of savings in 2026 plus revenue leverage. The company also reiterated its mid‑term RISE ambitions of 6–7% organic revenue CAGR, 9–10% trading profit CAGR, >$1bn free cash flow in 2028 and 12–13% ROIC by 2028.

Smith & Nephew Snats Financial Statement Overview

Summary
Fundamentals are improving: steady multi-year revenue growth and a strong 2025 profitability rebound (net margin 10.14%, operating margin 16.27%) with better operating and free cash flow (FCF $854M). Offsets include moderate, persistent leverage (debt-to-equity ~0.63) and cash conversion that still trails earnings (FCF < net income).
Income Statement
74
Positive
Revenue has grown steadily from $4.56B (2020) to $6.18B (2025), with low-to-mid single-digit growth recently (2025: 3.48%). Profitability has improved meaningfully versus 2022–2024: net margin rose to 10.14% in 2025 (from 7.09% in 2024 and 4–5% in 2022–2023), and operating margin increased to 16.27% (from 11.31% in 2024). Gross margin remains strong and stable around ~68–70%, supporting resilient underlying economics. Key weakness is the earnings volatility over the period (notably the drop in 2022–2023 versus 2020–2021), which suggests sensitivity to costs, mix, or non-operating items despite solid top-line momentum.
Balance Sheet
67
Positive
Leverage is moderate: debt-to-equity is ~0.63 in 2025 (similar to 2024 and higher than 2022–2023), with total debt roughly flat around $3.3B while equity is ~$5.29B. Returns have improved alongside profitability, with return on equity rising to 11.84% in 2025 (from 7.83% in 2024 and ~4–5% in 2022–2023). The main concern is that leverage has not meaningfully delevered as the business grew, which can limit flexibility if margins weaken or growth slows.
Cash Flow
72
Positive
Cash generation strengthened materially in the last two years: operating cash flow increased to $1.29B in 2025 (from $987M in 2024 and $468M in 2022), and free cash flow rose to $854M in 2025 (up from $606M in 2024 and $181M in 2023). Free cash flow growth is positive (2025: 6.84%), indicating improving cash conversion. Offsetting this, free cash flow remains below net income (2025: 0.66x; 2024: 0.61x), suggesting working-capital swings or ongoing cash uses that reduce how much accounting profit turns into discretionary cash.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue6.18B5.81B5.55B5.21B5.21B
Gross Profit4.20B4.05B3.82B3.67B3.67B
EBITDA1.58B1.24B956.00M874.00M1.24B
Net Income626.46M412.00M263.00M223.00M524.00M
Balance Sheet
Total Assets10.46B10.35B9.99B9.97B10.92B
Cash, Cash Equivalents and Short-Term Investments557.00M619.00M302.00M350.00M1.29B
Total Debt3.33B3.32B3.08B2.87B3.34B
Total Liabilities5.17B5.09B4.77B4.71B5.35B
Stockholders Equity5.29B5.26B5.22B5.26B5.57B
Cash Flow
Free Cash Flow853.99M606.00M181.00M110.00M469.00M
Operating Cash Flow1.29B987.00M608.00M468.00M877.00M
Investing Cash Flow-406.95M-569.00M-448.00M-472.00M-691.00M
Financing Cash Flow-957.23M-86.00M-200.00M-926.00M-645.00M

Smith & Nephew Snats Technical Analysis

Technical Analysis Sentiment
Negative
Last Price32.96
Price Trends
50DMA
34.42
Negative
100DMA
34.02
Negative
200DMA
33.79
Negative
Market Momentum
MACD
-0.54
Positive
RSI
37.26
Neutral
STOCH
21.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNN, the sentiment is Negative. The current price of 32.96 is below the 20-day moving average (MA) of 34.89, below the 50-day MA of 34.42, and below the 200-day MA of 33.79, indicating a bearish trend. The MACD of -0.54 indicates Positive momentum. The RSI at 37.26 is Neutral, neither overbought nor oversold. The STOCH value of 21.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SNN.

Smith & Nephew Snats Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$47.98B46.4410.39%―0.19%65.58%
72
Outperform
$14.11B22.7011.79%2.28%5.78%61.52%
71
Outperform
$111.97B28.299.54%2.76%5.34%13.15%
68
Neutral
$105.77B48.9112.53%―21.62%54.80%
67
Neutral
$132.34B41.3815.04%0.95%10.95%-18.32%
65
Neutral
$17.43B25.255.60%1.05%5.47%-23.03%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SNN
Smith & Nephew Snats
32.93
5.14
18.48%
BSX
Boston Scientific
71.28
-30.23
-29.78%
EW
Edwards Lifesciences
82.61
11.66
16.43%
MDT
Medtronic
87.21
-1.22
-1.38%
SYK
Stryker
345.81
-25.90
-6.97%
ZBH
Zimmer Biomet Holdings
89.08
-21.61
-19.52%

Smith & Nephew Snats Corporate Events

Smith & Nephew Updates Voting Share Capital and Rights as of 28 February 2026
Mar 2, 2026

As of 28 February 2026, Smith & Nephew plc reported total issued share capital of 877,724,845 ordinary shares of US20¢ each, of which 27,835,540 are held in treasury. This leaves 849,889,305 ordinary shares in issue carrying one voting right each.

The company highlighted that shareholders should use the 849,889,305 figure as the denominator when assessing whether they must disclose holdings or changes in holdings under the U.K. Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. The clarification, published on 2 March 2026, helps investors accurately track voting rights and ensures compliance with transparency requirements in the London market.

The most recent analyst rating on (SNN) stock is a Hold with a $34.91 price target. To see the full list of analyst forecasts on Smith & Nephew Snats stock, see the SNN Stock Forecast page.

Smith+Nephew Posts Strong 2025 Results, Completes Transformation and Sets 2026 Growth Targets
Mar 2, 2026

Smith+Nephew reported a strong finish to 2025, with fourth-quarter revenue rising to $1.70 billion and full-year revenue up 6.1% to $6.16 billion for the year ended 31 December 2025, alongside a 20.7% increase in operating profit and a 52.5% jump in free cash flow. Management highlighted that newer products drove broad-based growth above 5% across all three business units, while Orthopaedics posted its strongest quarterly revenue growth in more than two years.

The company announced on 2 March 2026 that it has completed its 12-Point Plan transformation, delivering margin expansion, sharply higher cash generation and improved adjusted ROIC despite portfolio rationalisation headwinds, and has launched a new RISE strategy with ambitious 2028 financial targets. Smith+Nephew also completed the acquisition of Integrity Orthopaedics to support its Sports Medicine ambitions and finished a $500 million share buyback in 2025, setting 2026 targets for faster underlying revenue growth around 6%, trading profit of about $1.3 billion including acquisition effects, strong free cash flow and further ROIC improvement, signalling confidence in accelerating growth and returns for shareholders and other stakeholders.

The most recent analyst rating on (SNN) stock is a Hold with a $34.91 price target. To see the full list of analyst forecasts on Smith & Nephew Snats stock, see the SNN Stock Forecast page.

Smith & Nephew Posts Strong 2025 Results and Unveils Next-Phase Growth Strategy
Mar 2, 2026

On 2 March 2026, Smith & Nephew reported its fourth-quarter and full-year 2025 results, showing a solid uplift in performance as revenue for 2025 rose 6.1% to $6.16 billion, trading profit climbed 15.5% to $1.21 billion, and free cash flow surged 52.5% to $840 million. The company highlighted broad-based growth across all three business units, stronger margins, robust cash generation that supported a $500 million share buyback and a higher dividend, and improved adjusted ROIC despite portfolio rationalisation.

Management declared the company’s 12-Point Plan transformation complete, citing restored orthopaedics performance, acceleration in sports medicine and advanced wound management, and a culture shift toward productivity and accountability. With the new RISE strategy launched in December 2025, new 2028 financial targets, and the completed acquisition of Integrity Orthopaedics, Smith & Nephew signalled an ambition to accelerate revenue growth, trading profit and returns in 2026 and beyond, aiming to expand its leadership in healthcare innovation and deliver sustainable value for shareholders and other stakeholders.

The most recent analyst rating on (SNN) stock is a Hold with a $34.91 price target. To see the full list of analyst forecasts on Smith & Nephew Snats stock, see the SNN Stock Forecast page.

Smith+Nephew Sets 2 March 2026 Date for 2025 Full-Year Results
Feb 5, 2026

Smith+Nephew announced that it will publish its full-year results for the year ended 31 December 2025 on 2 March 2026 at 7:00am GMT (2:00am EST), with a follow-up conference call for financial analysts at 8:30am GMT (3:30am EST). The timetable signals the next key event in the company’s financial calendar for investors and analysts, who will be watching the results for indications of performance across its core orthopaedics, sports medicine and advanced wound management franchises and any implications for its standing in the global medtech market.

The most recent analyst rating on (SNN) stock is a Hold with a $34.91 price target. To see the full list of analyst forecasts on Smith & Nephew Snats stock, see the SNN Stock Forecast page.

Smith & Nephew Reports Routine Six-Month Update on Employee Share Schemes
Feb 2, 2026

On 2 February 2026, Smith & Nephew filed a six‑monthly block listing return covering the period from 1 August 2025 to 31 January 2026, detailing the status of shares available under several employee share and incentive schemes. Across its Global Share Plan 2010, ShareSave Plans (2012 and 2022), and International ShareSave Plans (2012 and 2022), the company reported no new share allotments and unchanged balances of 3,756, 432,252, 612,504, 126,126 and 35,210 unallotted securities respectively, while under the Global Share Plan 2020 it allotted 14,695 securities, reducing the unallotted balance there to 388,563. The filing signals routine administration of its employee equity programmes, with only modest dilution from share issuance during the period and substantial headroom remaining for future grants under the various plans.

The most recent analyst rating on (SNN) stock is a Hold with a $34.91 price target. To see the full list of analyst forecasts on Smith & Nephew Snats stock, see the SNN Stock Forecast page.

Smith & Nephew Updates Share Capital and Voting Rights as of 31 January 2026
Feb 2, 2026

As of 31 January 2026, Smith & Nephew plc reported a total issued share capital of 877,724,845 ordinary shares of US$0.20 each, of which 27,912,707 are held in treasury. This leaves 849,812,138 ordinary shares carrying one voting right each, a figure the company highlighted on 2 February 2026 as the key denominator for investors assessing whether they must disclose shareholdings or changes in holdings under the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, ensuring clarity for shareholders and the market on current voting rights and capital structure.

The most recent analyst rating on (SNN) stock is a Hold with a $34.91 price target. To see the full list of analyst forecasts on Smith & Nephew Snats stock, see the SNN Stock Forecast page.

Smith & Nephew Executives Buy ADS under Employee Stock Purchase Plan
Jan 23, 2026

On 16 January 2026, Smith & Nephew plc reported that several senior executives, including Chief Executive Officer Deepak Nath and presidents of Global Orthopaedics, Global Operations and Sports Medicine, purchased American Depositary Shares under the company’s Employee Stock Purchase Plan on the New York Stock Exchange at a price of $25.90 per share. The disclosed trades, made in line with UK Market Abuse Regulation and filed with the US Securities and Exchange Commission on 23 January 2026, indicate continued insider participation in the company’s equity compensation programme, providing investors with additional transparency over management’s equity exposure and alignment with shareholders.

The most recent analyst rating on (SNN) stock is a Hold with a $34.91 price target. To see the full list of analyst forecasts on Smith & Nephew Snats stock, see the SNN Stock Forecast page.

Smith+Nephew Closes US$450m Integrity Orthopaedics Deal to Bolster Sports Medicine Portfolio
Jan 21, 2026

On 21 January 2026, Smith+Nephew announced it had completed the acquisition of US-based Integrity Orthopaedics, an early-stage commercial developer of Tendon Seam™, a rotator cuff repair system designed to reduce re-tear rates and improve patient outcomes. The deal, structured as an initial cash payment of US$225 million with up to a further US$225 million in performance-based payments over the next five years, is positioned as a key step in executing the group’s RISE strategy to accelerate growth via strategic investments and strengthen its ambition to become the global leader in Sports Medicine, signaling an expansion of its sports medicine portfolio and a deeper push into innovative shoulder repair technologies.

The most recent analyst rating on (SNN) stock is a Hold with a $34.00 price target. To see the full list of analyst forecasts on Smith & Nephew Snats stock, see the SNN Stock Forecast page.

Smith+Nephew to Acquire Integrity Orthopaedics to Bolster Shoulder Repair Portfolio
Jan 12, 2026

On 12 January 2026, Smith+Nephew announced the acquisition of US-based Integrity Orthopaedics, an early-stage commercial developer of the Tendon Seam rotator cuff repair system, in a deal worth up to $450 million, including an initial $225 million in cash and performance-based payments over five years. The Tendon Seam technology, which received FDA 510(k) clearance in 2023, is designed to lower re-tear rates and simplify rotator cuff surgery in a US market estimated at $875 million, and will bolster Smith+Nephew’s already broad shoulder portfolio that includes the REGENETEN Bioinductive Implant, Q-FIX All-Suture Anchor and AETOS Shoulder System; financed from existing cash and expected to be accretive to trading profit margins by 2028 while keeping leverage below 2x EBITDA, the deal advances the company’s RISE growth strategy and strengthens its bid for global leadership in sports medicine shoulder repair.

The most recent analyst rating on (SNN) stock is a Hold with a $34.00 price target. To see the full list of analyst forecasts on Smith & Nephew Snats stock, see the SNN Stock Forecast page.

Smith & Nephew Updates Share Capital and Voting Rights as of Year-End 2025
Jan 2, 2026

As of 31 December 2025, Smith & Nephew plc reported a total issued share capital of 877,724,845 ordinary shares of US$0.20 each, of which 27,963,140 are held in treasury, leaving 849,761,705 ordinary shares with voting rights. The company stated on 2 January 2026 that this voting share count should be used by investors as the denominator when assessing whether they must disclose holdings or changes in holdings under the UK Financial Conduct Authority’s disclosure and transparency rules, clarifying the reference base for regulatory notifications and shareholder reporting obligations.

The most recent analyst rating on (SNN) stock is a Hold with a $34.00 price target. To see the full list of analyst forecasts on Smith & Nephew Snats stock, see the SNN Stock Forecast page.

Smith+Nephew Unveils RISE Strategy and 2028 Financial Targets
Dec 8, 2025

On December 8, 2025, Smith+Nephew announced its new RISE strategy and financial targets for 2028 at its Capital Markets Day in London. The strategy aims to elevate financial and operational performance, focusing on reaching more patients, innovating product offerings, scaling operations, and executing efficiently. The company updated its 2025 full-year guidance, expecting a trading profit margin of at least 19.5% and free cash flow around $800 million. Smith+Nephew also plans to rationalize its product portfolio, estimating a $200 million non-cash inventory provision in 2025 to simplify offerings and improve capital efficiency. The RISE strategy is expected to deliver significant shareholder value and solidify Smith+Nephew’s leadership in healthcare innovation.

The most recent analyst rating on (SNN) stock is a Hold with a $34.00 price target. To see the full list of analyst forecasts on Smith & Nephew Snats stock, see the SNN Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 05, 2026