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Best Diagnostic & Research Stocks to Buy Now (2023)
Top diagnostic & research stocks in 2023 ranked by overall Zen Score. See the best diagnostic & research stocks to buy now, according to analyst forecasts for the diagnostics & research industry.

Industry: Diagnostics & Research
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
STRR
STAR EQUITY HOLDINGS INC
$16.61M$1.07N/AN/AN/AN/AN/AN/A4.63%4.17%
LH
LABORATORY CORP OF AMERICA HOLDINGS
$18.18B$205.15$245.6319.73%Strong Buy87.66%92.14%20.15%9.99%
CRL
CHARLES RIVER LABORATORIES INTERNATIONAL INC
$10.23B$199.62$237.1018.78%Buy106.98%19.51%N/AN/A
QGEN
QIAGEN NV
$8.99B$39.42$49.0024.30%Buy26.93%21.79%N/AN/A
A
AGILENT TECHNOLOGIES INC
$32.60B$111.41$138.1724.02%Buy122.93%42.82%31.64%16.47%
IDXX
IDEXX LABORATORIES INC
$36.17B$435.69$575.0031.97%Buy47.19%9.06%N/AN/A
TMO
THERMO FISHER SCIENTIFIC INC
$194.05B$502.79$635.0826.31%Strong Buy132.40%64.95%23.89%11.11%
RVTY
REVVITY INC
$13.59B$109.50$144.5732.03%Buy746.06%1.39%10.90%6.03%
ICLR
ICON PLC
$20.57B$250.41$265.295.94%Strong Buy77.02%53.26%15.67%8.06%
BNR
BURNING ROCK BIOTECH LTD
$101.45M$0.99N/AN/AN/AN/A46.39%N/A-58.43%-42.49%
DRIO
DARIOHEALTH CORP
$86.59M$3.18$6.0389.72%Strong Buy332.65%N/AN/AN/A
OLK
OLINK HOLDING AB (PUBL)
$1.82B$14.67$18.0022.70%Hold139.85%N/A1.32%1.17%
MEDP
MEDPACE HOLDINGS INC
$7.42B$242.69$273.0012.49%Strong Buy18.44%-0.12%N/AN/A
CDNA
CAREDX INC
$414.93M$7.66$12.0056.66%Buy118.28%N/A-7.09%-5.58%
FONR
FONAR CORP
$110.45M$15.96N/AN/AN/AN/AN/AN/AN/AN/A
SERA
SERA PROGNOSTICS INC
$54.74M$1.75$2.7557.14%Hold13,384.27%N/AN/AN/A
TWST
TWIST BIOSCIENCE CORP
$1.17B$20.34$21.334.88%Buy313.17%N/A-32.65%-26.49%
DHR
DANAHER CORP
$183.38B$248.37$278.2312.02%Buy133.32%23.41%16.66%10.15%
FLGT
FULGENT GENETICS INC
$817.60M$27.32N/AN/AN/AN/A25.84%N/A-1.83%-1.70%
WAT
WATERS CORP
$15.90B$269.00$294.009.29%Hold93.43%14.40%111.73%18.95%
DMTK
DERMTECH INC
$55.57M$1.65$5.50233.33%Strong Buy2177.51%N/A-66.92%-37.52%
DGX
QUEST DIAGNOSTICS INC
$13.86B$123.48$145.0017.43%Hold4-4.44%18.83%15.84%7.37%
CSTL
CASTLE BIOSCIENCES INC
$442.90M$16.52$32.1394.46%Strong Buy8-5.49%N/A-15.36%-13.68%
SYNH
SYNEOS HEALTH INC
$4.43B$42.74$43.000.61%Hold47.36%181.77%18.70%8.09%
APDN
APPLIED DNA SCIENCES INC
$17.21M$1.26$4.00217.46%Buy13.31%N/AN/AN/A
CHEK
CHECK-CAP LTD
$23.22M$3.97$7.0076.32%Buy1N/AN/AN/AN/A
GH
GUARDANT HEALTH INC
$3.05B$25.93$50.0092.83%Strong Buy421.27%N/A-203.04%-32.30%
ACRS
ACLARIS THERAPEUTICS INC
$470.78M$6.65$33.67406.27%Strong Buy3-37.32%N/AN/AN/A
MTD
METTLER TOLEDO INTERNATIONAL INC
$24.05B$1,100.03$1.47k33.66%Buy34.28%5.89%-1,178.98%31.38%
NEO
NEOGENOMICS INC
$1.55B$12.15$19.8663.43%Buy76.19%N/A-2.13%-1.20%
ILMN
ILLUMINA INC
$20.97B$132.44$236.3078.42%Buy1025.84%N/A14.03%7.81%
BIAF
BIOAFFINITY TECHNOLOGIES INC
$9.05M$1.03N/AN/AN/AN/AN/AN/AN/AN/A
NEOG
NEOGEN CORP
$4.12B$19.06$28.0046.90%Strong Buy1-8.16%N/A6.21%4.27%
NDRA
ENDRA LIFE SCIENCES INC
$8.15M$1.09N/AN/AN/AN/AN/AN/A-280.67%-210.41%
MYGN
MYRIAD GENETICS INC
$1.36B$16.61$23.0038.47%Hold36.39%N/AN/AN/A
OPK
OPKO HEALTH INC
$1.25B$1.62$2.5054.32%Buy210.88%N/AN/AN/A
NTRA
NATERA INC
$5.25B$45.82$70.3353.50%Strong Buy611.56%N/A-60.55%-28.93%
STIM
NEURONETICS INC
$37.82M$1.31$12.00816.03%Buy14.52%N/A-54.60%-24.73%
GENE
GENETIC TECHNOLOGIES LTD
$19.16M$0.83N/AN/AN/AN/AN/AN/AN/AN/A
IQV
IQVIA HOLDINGS INC
$36.40B$198.75$245.4423.49%Strong Buy910.03%33.58%N/AN/A
PMD
PSYCHEMEDICS CORP
$21.13M$3.68N/AN/AN/AN/AN/AN/AN/AN/A
ME
23ANDME HOLDING CO
$472.49M$1.00$3.88287.50%Strong Buy2N/AN/AN/AN/A
BGLC
BIONEXUS GENE LAB CORP
$16.64M$0.94N/AN/AN/AN/AN/AN/AN/AN/A
EXAS
EXACT SCIENCES CORP
$12.08B$66.85$99.4248.72%Strong Buy12-0.48%N/A-13.36%-6.42%
NOTV
INOTIV INC
$78.90M$3.06$9.00194.12%Strong Buy1N/AN/A17.74%5.73%
PSNL
PERSONALIS INC
$60.16M$1.24$7.25484.68%Buy234.33%N/AN/AN/A
GTH
GENETRON HOLDINGS LTD
$81.57M$0.89N/AN/AN/AN/AN/AN/AN/AN/A
PRE
PRENETICS GLOBAL LTD
$75.76M$0.48$4.00738.57%Strong Buy1N/AN/A-2.95%-2.26%
PRPH
PROPHASE LABS INC
$73.28M$4.35$14.00221.84%Buy1-6.70%N/AN/AN/A
XWEL
XWELL INC
$14.53M$0.17$1.00474.71%Buy1N/AN/A-45.65%-23.61%
BIOC
BIOCEPT INC
$3.68M$1.40N/AN/AN/AN/A120.00%N/AN/AN/A
LMDX
LUMIRADX LTD
$96.30M$0.30$1.42369.21%Buy381.40%N/A-62.41%-39.30%
PRPO
PRECIPIO INC
$7.72M$5.60N/AN/AN/AN/AN/AN/AN/AN/A
XGN
EXAGEN INC
$39.62M$2.35$6.00155.32%Strong Buy113.23%N/A-71.34%-35.46%
SQL
SEQLL INC
$5.33M$15.36N/AN/AN/AN/AN/AN/AN/AN/A
LAB
STANDARD BIOTOOLS INC
$219.52M$2.78$4.0043.88%Strong Buy1N/AN/AN/AN/A
BDSX
BIODESIX INC
$115.56M$1.47N/AN/AN/AN/A24.51%N/AN/A-46.59%
SHC
SOTERA HEALTH CO
$4.35B$15.38$21.6740.88%Strong Buy312.87%N/A83.09%11.31%
AWH
ASPIRA WOMEN's HEALTH INC
$51.09M$5.01$5.050.80%Buy2N/AN/AN/A-812.39%
RDNT
RADNET INC
$1.87B$27.61$36.6732.80%Strong Buy3-4.86%N/A6.06%1.33%
NVTA
INVITAE CORP
$178.90M$0.67$0.7511.94%Strong Sell25.94%N/AN/A-23.14%
VNRX
VOLITIONRX LTD
$54.15M$0.69$4.00477.20%Strong Buy2N/AN/AN/AN/A
ISPC
ISPECIMEN INC
$5.98M$0.66N/AN/AN/AN/AN/AN/AN/AN/A
CNTG
CENTOGENE NV
$31.46M$1.14$1.5031.58%Buy1N/AN/AN/A-51.91%
OCX
ONCOCYTE CORP
$26.24M$3.18$4.2533.48%Buy3N/AN/AN/AN/A
MYNZ
MAINZ BIOMED NV
$48.93M$3.13$9.00187.54%Strong Buy2N/AN/A-495.15%-132.79%
AKU
AKUMIN INC
$12.92M$0.14N/AN/AN/AN/AN/AN/AN/A-3.89%
ENZ
ENZO BIOCHEM INC
$68.13M$1.37N/AN/AN/AN/AN/AN/AN/AN/A
MDXH
MDXHEALTH SA
$73.81M$2.73$7.00156.41%Strong Buy2N/AN/A-831.69%-155.54%
TTOO
T2 BIOSYSTEMS INC
$84.73M$0.25$0.07-72.44%Hold1N/AN/AN/AN/A
TRIB
TRINITY BIOTECH PLC
$26.68M$0.70N/AN/AN/AN/AN/AN/AN/AN/A

Diagnostic & Research Stocks FAQ

What are the best diagnostic & research stocks to buy right now in Sep 2023?

According to Zen Score, the 3 best diagnostic & research stocks to buy right now are:

1. Star Equity Holdings (NASDAQ:STRR)


Star Equity Holdings (NASDAQ:STRR) is the top diagnostic & research stock with a Zen Score of 50, which is 23 points higher than the diagnostic & research industry average of 27. It passed 19 out of 38 due diligence checks and has strong fundamentals. Star Equity Holdings has seen its stock lose -0.93% over the past year.

2. Laboratory Of America Holdings (NYSE:LH)


Laboratory Of America Holdings (NYSE:LH) is the second best diagnostic & research stock with a Zen Score of 50, which is 23 points higher than the diagnostic & research industry average of 27. It passed 18 out of 38 due diligence checks and has strong fundamentals. Laboratory Of America Holdings has seen its stock lose -3.7% over the past year, underperforming other diagnostic & research stocks by -3 percentage points.

Laboratory Of America Holdings has an average 1 year price target of $245.63, an upside of 19.73% from Laboratory Of America Holdings's current stock price of $205.15.

Laboratory Of America Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Laboratory Of America Holdings, 62.5% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Charles River Laboratories International (NYSE:CRL)


Charles River Laboratories International (NYSE:CRL) is the third best diagnostic & research stock with a Zen Score of 44, which is 17 points higher than the diagnostic & research industry average of 27. It passed 15 out of 33 due diligence checks and has strong fundamentals. Charles River Laboratories International has seen its stock return 8% over the past year, overperforming other diagnostic & research stocks by 9 percentage points.

Charles River Laboratories International has an average 1 year price target of $237.10, an upside of 18.78% from Charles River Laboratories International's current stock price of $199.62.

Charles River Laboratories International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Charles River Laboratories International, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the diagnostic & research stocks with highest dividends?

Out of 7 diagnostic & research stocks that have issued dividends in the past year, the 3 diagnostic & research stocks with the highest dividend yields are:

1. Psychemedics (NASDAQ:PMD)


Psychemedics (NASDAQ:PMD) has an annual dividend yield of 5.71%, which is 4 percentage points higher than the diagnostic & research industry average of 1.58%. Psychemedics's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Psychemedics's dividend has not shown consistent growth over the last 10 years.

Psychemedics's dividend payout ratio of -82.4% indicates that its high dividend yield might not be sustainable for the long-term.

2. Quest Diagnostics (NYSE:DGX)


Quest Diagnostics (NYSE:DGX) has an annual dividend yield of 2.22%, which is 1 percentage points higher than the diagnostic & research industry average of 1.58%. Quest Diagnostics's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Quest Diagnostics's dividend has shown consistent growth over the last 10 years.

Quest Diagnostics's dividend payout ratio of 39.1% indicates that its dividend yield is sustainable for the long-term.

3. Laboratory Of America Holdings (NYSE:LH)


Laboratory Of America Holdings (NYSE:LH) has an annual dividend yield of 1.4%, which is the same as the diagnostic & research industry average of 1.58%. Laboratory Of America Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Laboratory Of America Holdings's dividend has not shown consistent growth over the last 10 years.

Laboratory Of America Holdings's dividend payout ratio of 30.6% indicates that its dividend yield is sustainable for the long-term.

Why are diagnostic & research stocks up?

Diagnostic & research stocks were up 0.07% in the last day, and down -4.81% over the last week.

We couldn't find a catalyst for why diagnostic & research stocks are up.

What are the most undervalued diagnostic & research stocks?

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

1. Star Equity Holdings (NASDAQ:STRR)


Star Equity Holdings (NASDAQ:STRR) is the most undervalued diagnostic & research stock based on WallStreetZen's Valuation Score. Star Equity Holdings has a valuation score of 100, which is 76 points higher than the diagnostic & research industry average of 24. It passed 7 out of 7 valuation due diligence checks.

Star Equity Holdings's stock has dropped -0.93% in the past year. It has performed in line with other stocks in the diagnostic & research industry.

2. Fonar (NASDAQ:FONR)


Fonar (NASDAQ:FONR) is the second most undervalued diagnostic & research stock based on WallStreetZen's Valuation Score. Fonar has a valuation score of 71, which is 47 points higher than the diagnostic & research industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Fonar's stock has gained 10.45% in the past year. It has overperformed other stocks in the diagnostic & research industry by 11 percentage points.

3. Laboratory Of America Holdings (NYSE:LH)


Laboratory Of America Holdings (NYSE:LH) is the third most undervalued diagnostic & research stock based on WallStreetZen's Valuation Score. Laboratory Of America Holdings has a valuation score of 57, which is 33 points higher than the diagnostic & research industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Laboratory Of America Holdings's stock has dropped -3.7% in the past year. It has underperformed other stocks in the diagnostic & research industry by -3 percentage points.

Are diagnostic & research stocks a good buy now?

43.4% of diagnostic & research stocks rated by analysts are a strong buy right now. On average, analysts expect diagnostic & research stocks to rise by 28.75% over the next year.

What is the average p/e ratio of the diagnostics & research industry?

The average P/E ratio of the diagnostics & research industry is 25.9x.
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.