Sectors & IndustriesHealthcare
Best Healthcare Stocks to Buy Now (2024)
Top healthcare stocks in 2024 ranked by overall Zen Score. See the best healthcare stocks to buy now, according to analyst forecasts for the healthcare sector.

Sector: Healthcare

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
CORT	CORCEPT THERAPEUTICS INC	NASDAQ	Biotechnology	$2.88B	$27.66	0.47%	$122.89M	24.05x	0.20
PCRX	PACIRA BIOSCIENCES INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$1.43B	$30.82	1.45%	$190.25M	20.28x	0.78
NBIX	NEUROCRINE BIOSCIENCES INC	NASDAQ	Biotechnology	$13.94B	$138.48	1.71%	$497.00M	36.73x	0.46
INCY	INCYTE CORP	NASDAQ	Biotechnology	$12.81B	$57.05	-0.95%	$1.11B	17.13x	0.32
MOH	MOLINA HEALTHCARE INC	NYSE	Healthcare Plans	$20.51B	$349.97	-0.68%	$1.72B	18.87x	2.45
LNTH	LANTHEUS HOLDINGS INC	NASDAQ	Diagnostics & Research	$5.45B	$78.70	1.05%	$674.08M	11.68x	0.94
HRMY	HARMONY BIOSCIENCES HOLDINGS INC	NASDAQ	Biotechnology	$1.70B	$29.86	-1.19%	$237.47M	12.71x	0.64
PBYI	PUMA BIOTECHNOLOGY INC	NASDAQ	Biotechnology	$238.30M	$4.94	-3.80%	$41.45M	14.97x	3.20
INMD	INMODE LTD	NASDAQ	Medical Devices	$1.57B	$18.58	0.49%	$199.66M	8.56x	0.09
JNJ	JOHNSON & JOHNSON	NYSE	Drug Manufacturers - General	$364.32B	$151.38	0.11%	$49.47B	9.92x	1.46
HALO	HALOZYME THERAPEUTICS INC	NASDAQ	Biotechnology	$5.58B	$43.82	0.48%	$495.45M	17.89x	9.36
KMDA	KAMADA LTD	NASDAQ	Drug Manufacturers - Specialty & Generic	$325.33M	$5.66	1.62%	$26.45M	22.64x	0.39
SMLR	SEMLER SCIENTIFIC INC	NASDAQ	Medical Devices	$166.05M	$23.50	1.80%	$25.91M	7.34x	0.08
SNY	SANOFI	NASDAQ	Drug Manufacturers - General	$125.22B	$49.50	-1.41%	$14.09B	21.36x	0.70
EXEL	EXELIXIS INC	NASDAQ	Biotechnology	$6.11B	$20.99	-1.32%	$312.76M	32.80x	0.32
UTHR	UNITED THERAPEUTICS CORP	NASDAQ	Biotechnology	$11.97B	$269.78	2.06%	$1.49B	12.07x	0.22
BMRN	BIOMARIN PHARMACEUTICAL INC	NASDAQ	Biotechnology	$15.12B	$79.65	-1.06%	$359.85M	73.07x	0.36
BON	BON NATURAL LIFE LTD	NASDAQ	Drug Manufacturers - Specialty & Generic	$3.23M	$2.75	-1.33%	$7.02M	0.55x	0.30
SEM	SELECT MEDICAL HOLDINGS CORP	NYSE	Medical Care Facilities	$4.43B	$34.08	1.10%	$773.70M	16.23x	4.53
VMD	VIEMED HEALTHCARE INC	NASDAQ	Medical Devices	$260.10M	$6.70	-4.96%	$38.50M	24.81x	0.33
GMAB	GENMAB A	NASDAQ	Biotechnology	$19.53B	$29.53	1.27%	N/A	24.59x	0.13
FTLF	FITLIFE BRANDS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$136.19M	$29.62	-2.80%	$10.85M	18.40x	0.89
MDT	MEDTRONIC PLC	NYSE	Medical Devices	$111.94B	$84.30	0.93%	$8.88B	26.76x	0.75
AMPH	AMPHASTAR PHARMACEUTICALS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$2.02B	$41.30	-2.53%	$248.86M	12.91x	1.34
WST	WEST PHARMACEUTICAL SERVICES INC	NYSE	Medical Instruments & Supplies	$25.82B	$354.48	-1.03%	$833.50M	46.22x	0.34
CVS	CVS HEALTH CORP	NYSE	Healthcare Plans	$70.30B	$56.00	-0.83%	$12.63B	9.81x	2.37
CNC	CENTENE CORP	NYSE	Healthcare Plans	$41.02B	$76.87	-0.36%	$5.67B	15.13x	2.06
ROIV	ROIVANT SCIENCES LTD	NASDAQ	Biotechnology	$9.13B	$11.33	1.34%	$4.58B	2.04x	0.12
IRMD	IRADIMED CORP	NASDAQ	Medical Devices	$535.57M	$42.29	-0.38%	$23.44M	29.78x	0.16
VRTX	VERTEX PHARMACEUTICALS INC	NASDAQ	Biotechnology	$110.60B	$428.59	-0.31%	$5.01B	27.51x	0.29
COLL	COLLEGIUM PHARMACEUTICAL INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$1.09B	$33.29	3.55%	$358.62M	11.85x	4.02
COR	CENCORA INC	NYSE	Medical Distribution	$44.27B	$221.94	-0.44%	$2.97B	24.02x	57.83
HUM	HUMANA INC	NYSE	Healthcare Plans	$41.51B	$344.50	1.45%	$4.20B	21.15x	2.10
ADUS	ADDUS HOMECARE CORP	NASDAQ	Medical Care Facilities	$1.80B	$109.86	-0.64%	$111.93M	26.80x	0.40
SIGA	SIGA TECHNOLOGIES INC	NASDAQ	Biotechnology	$558.31M	$7.85	5.37%	$102.76M	7.14x	0.47
MEIP	MEI PHARMA INC	NASDAQ	Biotechnology	$21.05M	$3.16	1.28%	$28.01M	0.81x	0.40
ALGN	ALIGN TECHNOLOGY INC	NASDAQ	Medical Devices	$20.93B	$278.08	1.96%	$839.46M	45.74x	0.64
CPRX	CATALYST PHARMACEUTICALS INC	NASDAQ	Biotechnology	$1.95B	$16.49	1.66%	$122.26M	27.48x	0.15
UTMD	UTAH MEDICAL PRODUCTS INC	NASDAQ	Medical Instruments & Supplies	$241.63M	$68.48	0.01%	$25.06M	15.18x	0.06
DXCM	DEXCOM INC	NASDAQ	Diagnostics & Research	$50.10B	$125.97	0.82%	$991.00M	76.35x	1.89
ZBH	ZIMMER BIOMET HOLDINGS INC	NYSE	Medical Devices	$24.68B	$119.97	0.32%	$2.16B	25.86x	0.70
MCK	MCKESSON CORP	NYSE	Medical Distribution	$71.70B	$551.58	-0.55%	$4.75B	24.47x	-35.03
CAH	CARDINAL HEALTH INC	NYSE	Medical Distribution	$23.73B	$97.43	-0.62%	$1.70B	42.73x	-15.05
PODD	INSULET CORP	NASDAQ	Medical Devices	$12.07B	$172.27	6.99%	$349.50M	51.42x	2.32
HSIC	HENRY SCHEIN INC	NASDAQ	Medical Distribution	$9.32B	$72.77	-0.49%	$873.00M	24.34x	1.42
STAA	STAAR SURGICAL CO	NASDAQ	Medical Instruments & Supplies	$2.14B	$43.65	0.18%	$25.02M	136.41x	0.25
LLY	ELI LILLY & CO	NYSE	Drug Manufacturers - General	$726.09B	$763.98	0.83%	$9.13B	112.02x	3.98
ANIP	ANI PHARMACEUTICALS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$1.38B	$66.03	-1.95%	$128.31M	40.76x	0.97
ZYXI	ZYNEX INC	NASDAQ	Medical Devices	$345.08M	$10.86	1.69%	$17.98M	49.36x	2.81
HCM	HUTCHMED (CHINA) LTD	NASDAQ	Biotechnology	$3.73B	$21.40	-1.74%	N/A	35.67x	0.73
EW	EDWARDS LIFESCIENCES CORP	NYSE	Medical Devices	$52.05B	$86.46	2.08%	$1.81B	37.11x	0.36
BRKR	BRUKER CORP	NASDAQ	Medical Devices	$11.00B	$75.67	1.93%	$633.70M	27.52x	2.16
RPRX	ROYALTY PHARMA PLC	NASDAQ	Biotechnology	$16.77B	$28.07	-1.09%	$983.33M	15.68x	0.64
REGN	REGENERON PHARMACEUTICALS INC	NASDAQ	Biotechnology	$108.49B	$984.64	0.79%	$4.55B	27.26x	0.27
FENC	FENNEC PHARMACEUTICALS INC	NASDAQ	Biotechnology	$200.54M	$7.34	-26.75%	$8.10M	81.56x	21.96
SCYX	SCYNEXIS INC	NASDAQ	Drug Manufacturers - Specialty & Generic	$74.43M	$1.97	-3.43%	$104.31M	0.93x	0.60
NVS	NOVARTIS AG	NYSE	Drug Manufacturers - General	$210.79B	$103.31	1.03%	N/A	13.94x	1.38
LMAT	LEMAITRE VASCULAR INC	NASDAQ	Medical Instruments & Supplies	$1.75B	$78.04	2.40%	$53.80M	51.01x	0.15
PTGX	PROTAGONIST THERAPEUTICS INC	NASDAQ	Biotechnology	$1.74B	$29.61	0.99%	$168.74M	11.09x	0.12
PEN	PENUMBRA INC	NYSE	Medical Devices	$8.09B	$208.73	1.93%	$113.83M	86.25x	0.31
AVRO	AVROBIO INC	NASDAQ	Biotechnology	$57.91M	$1.29	-4.44%	$30.44M	1.84x	0.04
FONR	FONAR CORP	NASDAQ	Medical Devices	$110.39M	$16.45	1.29%	$25.75M	8.70x	0.28
PDCO	PATTERSON COMPANIES INC	NASDAQ	Medical Distribution	$2.28B	$25.44	-0.47%	$384.69M	12.47x	2.03
TGTX	TG THERAPEUTICS INC	NASDAQ	Biotechnology	$2.78B	$17.96	3.70%	$53.85M	61.93x	1.33
AZN	ASTRAZENECA PLC	NASDAQ	Drug Manufacturers - General	$238.85B	$77.04	-0.50%	$14.25B	37.67x	1.73
ISRG	INTUITIVE SURGICAL INC	NASDAQ	Medical Instruments & Supplies	$136.27B	$384.19	0.87%	$2.53B	68.12x	0.13
GMED	GLOBUS MEDICAL INC	NYSE	Medical Devices	$8.49B	$62.84	-1.43%	$263.79M	106.51x	0.26
CHE	CHEMED CORP	NYSE	Medical Care Facilities	$8.61B	$569.00	0.04%	$427.54M	30.30x	0.46
LPCN	LIPOCINE INC	NASDAQ	Biotechnology	$28.61M	$5.35	1.33%	-$8.94M	-3.15x	0.06
GSK	GSK PLC	NYSE	Drug Manufacturers - General	$92.32B	$45.66	1.08%	$7.29B	16.74x	3.27
ZTS	ZOETIS INC	NYSE	Drug Manufacturers - Specialty & Generic	$77.05B	$168.87	0.57%	$3.72B	32.54x	1.84
STRR	STAR EQUITY HOLDINGS INC	NASDAQ	Medical Devices	$14.26M	$0.90	0.00%	$26.87M	0.56x	0.16
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	NASDAQ	Medical Devices	$323.88M	$13.63	-1.45%	$24.30M	11.26x	0.41
SRPT	SAREPTA THERAPEUTICS INC	NASDAQ	Biotechnology	$12.54B	$132.66	0.73%	$91.13M	323.56x	2.36
OPCH	OPTION CARE HEALTH INC	NASDAQ	Medical Care Facilities	$5.21B	$29.97	-0.40%	$495.02M	19.59x	1.27
ALC	ALCON INC	NYSE	Medical Instruments & Supplies	$44.14B	$89.28	10.33%	$2.36B	42.11x	0.42
MMSI	MERIT MEDICAL SYSTEMS INC	NASDAQ	Medical Instruments & Supplies	$4.79B	$82.40	1.94%	$247.30M	46.55x	0.88
CI	CIGNA GROUP	NYSE	Healthcare Plans	$98.41B	$346.42	-0.78%	$8.19B	28.12x	2.71
ABT	ABBOTT LABORATORIES	NYSE	Medical Devices	$180.94B	$104.01	-0.73%	$10.41B	32.20x	0.86
LGND	LIGAND PHARMACEUTICALS INC	NASDAQ	Biotechnology	$1.53B	$85.29	1.45%	$158.80M	15.65x	0.13
SPRO	SPERO THERAPEUTICS INC	NASDAQ	Biotechnology	$86.19M	$1.60	-3.03%	$25.77M	3.72x	0.71
ASTH	ASTRANA HEALTH INC	NASDAQ	Medical Care Facilities	$2.24B	$40.02	2.22%	$143.94M	30.32x	1.18
STE	STERIS PLC	NYSE	Medical Instruments & Supplies	$23.32B	$236.00	1.48%	$1.39B	41.33x	0.78
AMN	AMN HEALTHCARE SERVICES INC	NYSE	Medical Care Facilities	$2.37B	$62.36	5.68%	$420.36M	16.54x	2.36
BNOX	BIONOMICS LIMITED	NASDAQ	Biotechnology	$10.74M	$0.93	0.87%	N/A	0.03x	0.34
BDX	BECTON DICKINSON & CO	NYSE	Medical Instruments & Supplies	$67.92B	$235.00	-0.82%	$4.36B	51.76x	1.11
ELV	ELEVANCE HEALTH INC	NYSE	Healthcare Plans	$124.26B	$534.63	-0.77%	$10.70B	20.07x	1.75
MDXG	MIMEDX GROUP INC	NASDAQ	Medical Devices	$1.16B	$7.88	-0.25%	$50.76M	15.15x	0.42
VREX	VAREX IMAGING CORP	NASDAQ	Medical Devices	$616.80M	$15.42	-0.58%	$94.50M	14.83x	1.15
FMS	FRESENIUS MEDICAL CARE AG	NYSE	Medical Care Facilities	$12.90B	$21.98	1.48%	$3.27B	24.78x	1.38
RMD	RESMED INC	NYSE	Medical Instruments & Supplies	$31.71B	$215.85	-0.94%	$1.46B	33.11x	0.47
BIIB	BIOGEN INC	NASDAQ	Drug Manufacturers - General	$33.03B	$226.88	0.68%	$1.85B	28.18x	0.75
ICLR	ICON PLC	NASDAQ	Diagnostics & Research	$26.09B	$315.57	1.96%	$1.62B	38.02x	0.81
CRSP	CRISPR THERAPEUTICS AG	NASDAQ	Biotechnology	$4.73B	$55.71	0.11%	-$195.23M	-20.71x	0.17
HOLX	HOLOGIC INC	NASDAQ	Medical Instruments & Supplies	$17.65B	$75.65	0.11%	$993.40M	38.60x	0.80
TALK	TALKSPACE INC	NASDAQ	Medical Care Facilities	$483.60M	$2.85	0.00%	-$14.76M	-35.63x	0.16
IDXX	IDEXX LABORATORIES INC	NASDAQ	Diagnostics & Research	$43.04B	$521.11	3.60%	$1.24B	49.96x	1.14
BSX	BOSTON SCIENTIFIC CORP	NYSE	Medical Devices	$108.04B	$73.49	0.93%	$3.64B	61.24x	0.83
USPH	U S PHYSICAL THERAPY INC	NYSE	Medical Care Facilities	$1.60B	$106.40	1.36%	$65.92M	90.94x	0.72
CNMD	CONMED CORP	NYSE	Medical Devices	$2.23B	$72.47	-0.45%	$159.11M	26.94x	1.70

Healthcare Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Biotechnology	680	+0.73%	-1.37%	+1.10%	-19.83%	8.12x	6.05x	+18.58%	+3.64%	-28.41%	+80.60%	Strong Buy
Diagnostics & Research	66	+1.86%	+7.60%	+9.41%	+9.90%	37.94x	4.42x	-13.06%	+6.40%	+11.34%	+6.06%	Buy
Drug Manufacturers - General	18	+0.52%	+0.76%	+5.98%	+15.71%	31.30x	6.36x	+33.50%	+8.08%	+14.20%	+11.91%	Buy
Drug Manufacturers - Specialty & Generic	88	+0.55%	-0.13%	+6.18%	-13.12%	-2.86x	2.16x	+11.73%	+3.90%	+6.88%	+33.30%	Strong Buy
Healthcare Plans	12	-0.08%	+1.59%	+5.67%	+3.70%	25.10x	3.02x	+15.15%	+4.73%	+11.75%	+13.30%	Buy
Health Information Services	56	-0.07%	-2.90%	-2.42%	-21.75%	11.78x	3.33x	+6.87%	+2.32%	+5.85%	+32.10%	Buy
Medical Care Facilities	47	+0.76%	+1.55%	+3.12%	+11.96%	40.51x	4.58x	-92.16%	+6.58%	+13.66%	+14.04%	Buy
Medical Devices	155	+1.29%	-1.69%	+0.61%	-14.13%	29.59x	3.94x	+7.14%	+5.15%	+8.26%	+21.26%	Buy
Medical Distribution	10	-0.40%	+0.03%	+0.22%	+26.25%	26.34x	105.24x	-10.32%	+3.42%	+19.53%	+10.81%	Buy
Medical Instruments & Supplies	52	+1.88%	+1.85%	+4.72%	-6.86%	59.11x	3.56x	+11.29%	+7.71%	+10.06%	+18.68%	Buy

Healthcare Stocks FAQ

What are the best healthcare stocks to buy right now in May 2024?

According to Zen Score, the 3 best healthcare stocks to buy right now are:

1. Pacira Biosciences (NASDAQ:PCRX)

Pacira Biosciences (NASDAQ:PCRX) is the top healthcare stock with a Zen Score of 67, which is 43 points higher than the healthcare sector average of 24. It passed 21 out of 33 due diligence checks and has strong fundamentals. Pacira Biosciences has seen its stock lose -27.43% over the past year, underperforming other healthcare stocks by -21 percentage points.

Pacira Biosciences has an average 1 year price target of $46.71, an upside of 51.57% from Pacira Biosciences's current stock price of $30.82.

Pacira Biosciences stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Pacira Biosciences, 28.57% have issued a Strong Buy rating, 71.43% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Corcept Therapeutics (NASDAQ:CORT)

Corcept Therapeutics (NASDAQ:CORT) is the second best healthcare stock with a Zen Score of 67, which is 43 points higher than the healthcare sector average of 24. It passed 22 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 14.96% over the past year, overperforming other healthcare stocks by 22 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 47.02% from Corcept Therapeutics's current stock price of $27.66.

Corcept Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Corcept Therapeutics, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Incyte (NASDAQ:INCY)

Incyte (NASDAQ:INCY) is the third best healthcare stock with a Zen Score of 64, which is 40 points higher than the healthcare sector average of 24. It passed 20 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -13.82% over the past year, underperforming other healthcare stocks by -7 percentage points.

Incyte has an average 1 year price target of $74.92, an upside of 31.33% from Incyte's current stock price of $57.05.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Incyte, 30.77% have issued a Strong Buy rating, 23.08% have issued a Buy, 46.15% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the healthcare stocks with highest dividends?

Out of 72 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Mei Pharma (NASDAQ:MEIP)

Mei Pharma (NASDAQ:MEIP) has an annual dividend yield of 55.38%, which is 53 percentage points higher than the healthcare sector average of 2.75%.

Mei Pharma's dividend payout ratio of 44.6% indicates that its high dividend yield is sustainable for the long-term.

2. Sanofi (NASDAQ:SNY)

Sanofi (NASDAQ:SNY) has an annual dividend yield of 7.96%, which is 5 percentage points higher than the healthcare sector average of 2.75%. Sanofi's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Sanofi's dividend has shown consistent growth over the last 10 years.

Sanofi's dividend payout ratio of 82.1% indicates that its high dividend yield is sustainable for the long-term.

3. Siga Technologies (NASDAQ:SIGA)

Siga Technologies (NASDAQ:SIGA) has an annual dividend yield of 7.64%, which is 5 percentage points higher than the healthcare sector average of 2.75%.

Siga Technologies's dividend payout ratio of 95.5% indicates that its high dividend yield might not be sustainable for the long-term.

Why are healthcare stocks up?

Healthcare stocks were up 0.98% in the last day, and up 0.91% over the last week. Harrow was the among the top gainers in the healthcare sector, gaining 34.55% yesterday.

Harrow shares are trading higher after the company reported Q1 financial results.

What are the most undervalued healthcare stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued healthcare stocks right now are:

1. Inmode (NASDAQ:INMD)

Inmode (NASDAQ:INMD) is the most undervalued healthcare stock based on WallStreetZen's Valuation Score. Inmode has a valuation score of 100, which is 85 points higher than the healthcare sector average of 15. It passed 7 out of 7 valuation due diligence checks.

Inmode's stock has dropped -45.42% in the past year. It has underperformed other stocks in the healthcare sector by -39 percentage points.

2. Pacira Biosciences (NASDAQ:PCRX)

Pacira Biosciences (NASDAQ:PCRX) is the second most undervalued healthcare stock based on WallStreetZen's Valuation Score. Pacira Biosciences has a valuation score of 100, which is 85 points higher than the healthcare sector average of 15. It passed 7 out of 7 valuation due diligence checks.

Pacira Biosciences's stock has dropped -27.43% in the past year. It has underperformed other stocks in the healthcare sector by -21 percentage points.

3. Collegium Pharmaceutical (NASDAQ:COLL)

Collegium Pharmaceutical (NASDAQ:COLL) is the third most undervalued healthcare stock based on WallStreetZen's Valuation Score. Collegium Pharmaceutical has a valuation score of 86, which is 71 points higher than the healthcare sector average of 15. It passed 6 out of 7 valuation due diligence checks.

Collegium Pharmaceutical's stock has gained 41.66% in the past year. It has overperformed other stocks in the healthcare sector by 49 percentage points.

Are healthcare stocks a good buy now?

49.48% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 34.11% over the next year.

What is the average p/e ratio of the healthcare sector?

The average P/E ratio of the healthcare sector is 26.97x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.