Sectors & IndustriesHealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best medical device stocks to buy now. Learn More.

Industry: Medical Devices
C
Medical Devices is Zen Rated C and is the 66th ranked industry out of 145 stock market industries
Learn how the Zen Ratings work
Ticker
Company
Price
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
VREX
VAREX IMAGING CORP
$14.080.93%3.91%18.52%18.12%78.23%3.23%-32.24%-32.37%N/A$15.46$6.768.93%108.28%1.10380,00040.74%
TCMD
TACTILE SYSTEMS TECHNOLOGY INC
$29.11-0.44%-3.03%-0.55%94.07%176.71%62.99%126.89%-48.93%N/A$31.38$8.617.23%238.10%1.08194,000-5.37%
BVS
BIOVENTUS INC
$7.920.38%2.72%5.18%18.03%21.29%-21.27%275.36%N/AN/A$11.25$5.8129.60%36.32%1.19167,000-5.65%
SNN
SMITH & NEPHEW PLC
$34.080.92%5.94%2.84%-7.09%9.30%33.65%21.07%-21.96%2.53%$38.79$23.9112.14%42.53%0.711,026,00098.84%
ELMD
ELECTROMED INC
$28.40-1.56%1.83%-0.21%15.97%50.82%-14.30%162.96%185.14%1,610.84%$35.56$17.7320.13%60.18%0.4527,700-12.06%
STE
STERIS PLC
$263.07-0.02%1.97%2.67%9.20%16.13%18.60%27.64%36.80%281.76%$269.44$204.902.36%28.39%0.76491,00032.70%
GMED
GLOBUS MEDICAL INC
$91.96-1.10%-1.07%4.07%45.37%69.36%-0.02%21.22%49.80%263.19%$101.40$51.799.31%77.56%0.991,181,00049.12%
LIVN
LIVANOVA PLC
$64.09-0.17%1.86%2.61%18.07%47.47%29.40%15.94%1.26%21.75%$65.57$32.482.26%97.32%0.92416,000-9.57%
AXGN
AXOGEN INC
$34.59-0.37%8.53%3.41%94.65%166.28%92.92%238.79%101.34%626.68%$35.50$9.222.56%275.16%1.22866,000-45.94%
AVNS
AVANOS MEDICAL INC
$13.15-0.08%6.48%16.27%12.39%9.49%-22.42%-56.56%-71.64%-45.62%$17.69$9.3025.66%41.35%0.91435,00027.94%
AHCO
ADAPTHEALTH CORP
$10.06-1.66%-3.27%-1.08%6.91%4.90%-8.79%-52.52%-72.85%N/A$11.63$7.1113.50%41.59%1.06850,0003.16%
AORT
ARTIVION INC
$41.48-3.60%-4.67%-10.47%-7.29%32.48%35.38%231.84%69.58%336.17%$48.25$21.9714.03%88.80%1.04243,00037.29%
MASI
MASIMO CORP
$137.92-1.63%-3.35%5.43%-6.81%-14.96%-19.13%-19.53%-45.05%280.47%$194.88$125.9429.23%9.51%1.10528,000-4.52%
IART
INTEGRA LIFESCIENCES HOLDINGS CORP
$11.13-3.55%-7.33%-11.74%-30.13%-15.04%-57.79%-80.89%-83.79%-64.16%$27.13$10.8758.98%2.39%1.04675,0004.01%
ALGN
ALIGN TECHNOLOGY INC
$167.04-0.36%0.90%5.83%23.14%-19.38%-27.32%-37.95%-67.22%171.96%$232.20$122.0028.06%36.92%1.57674,00040.42%
DXCM
DEXCOM INC
$73.670.45%4.16%9.19%4.30%-17.71%-15.83%-30.97%-15.72%313.18%$93.25$54.1121.00%36.15%1.155,640,0004.37%
IRMD
IRADIMED CORP
$99.84-0.26%-3.05%2.15%28.44%74.82%66.59%175.04%313.76%443.20%$104.93$47.484.85%110.29%0.8940,600-42.82%
BIO
BIO-RAD LABORATORIES INC
$297.71-0.52%-4.81%-1.98%-11.43%17.57%-17.04%-37.84%-45.58%136.95%$368.65$211.4319.24%40.81%0.96138,000-40.77%
VMD
VIEMED HEALTHCARE INC
$7.450.27%2.05%0.13%7.19%19.58%-11.63%-9.92%-15.53%N/A$8.42$5.9311.52%25.63%0.68144,000-30.10%
ZBH
ZIMMER BIOMET HOLDINGS INC
$85.99-1.52%-0.93%-5.01%-16.61%-10.41%-23.62%-31.69%-43.65%-15.40%$114.44$85.3324.86%0.77%0.652,189,00040.77%
SNWV
SANUWAVE HEALTH INC
$26.59-2.78%-1.81%-12.13%-15.24%-27.69%N/AN/AN/AN/A$46.59$24.8042.92%7.22%0.7053,40044.32%
EW
EDWARDS LIFESCIENCES CORP
$83.60-0.80%0.17%-3.84%3.44%6.51%20.81%6.99%-1.46%221.95%$87.89$65.944.88%26.78%0.862,023,000-30.67%
PODD
INSULET CORP
$264.91-2.36%-6.80%-7.81%-18.69%-9.36%-3.98%-7.21%1.89%700.33%$354.88$230.0525.35%15.15%1.131,479,00060.06%
DCTH
DELCATH SYSTEMS INC
$10.21-3.22%0.20%0.39%2.20%-10.52%-33.92%172.27%-38.86%N/A$18.23$8.1243.99%25.74%0.92414,00025.08%
TMDX
TRANSMEDICS GROUP INC
$138.49-0.60%-2.42%12.54%4.56%31.59%126.77%100.51%504.76%N/A$156.00$62.0711.22%123.11%1.62624,00038.67%
CERS
CERUS CORP
$2.491.22%0.40%20.87%61.69%83.09%15.81%-20.19%-61.98%-52.02%$2.96$1.1215.74%122.32%1.78468,000-17.61%
ANIK
ANIKA THERAPEUTICS INC
$9.15-0.87%-3.28%-3.99%-5.67%-19.24%-45.24%-70.16%-75.47%-75.08%$18.37$7.8750.19%16.26%0.80117,000-3.31%
BSX
BOSTON SCIENTIFIC CORP
$93.610.06%2.64%-2.25%-8.61%-11.56%-8.47%103.90%161.33%443.61%$109.50$85.9814.51%8.87%0.709,611,000-34.45%
PHG
KONINKLIJKE PHILIPS NV
$29.520.96%3.62%8.29%2.18%15.04%8.09%73.75%-47.72%12.89%$30.30$21.482.57%37.44%0.93853,00022.21%
ITGR
INTEGER HOLDINGS CORP
$85.79-0.52%0.75%9.24%22.21%-20.67%-40.06%20.85%10.06%121.51%$146.36$62.1041.38%38.15%0.92310,000-21.12%
MDT
MEDTRONIC PLC
$100.690.02%2.12%4.72%6.97%9.48%8.90%21.93%-9.70%33.38%$106.33$79.555.30%26.57%0.577,132,000-15.12%
SYK
STRYKER CORP
$354.57-0.68%-1.40%0.59%-7.60%-11.51%-11.34%39.50%53.66%259.60%$404.87$329.1612.42%7.72%0.871,396,000-14.98%
IRTC
IRHYTHM TECHNOLOGIES INC
$156.56-3.13%-5.46%-12.34%-14.31%14.19%40.61%56.08%-41.05%N/A$212.00$92.5226.15%69.22%1.29998,000248.95%
GKOS
GLAUKOS CORP
$118.70-4.48%-3.85%2.73%56.84%25.05%-24.41%147.09%34.32%695.58%$161.78$73.1626.63%62.25%1.20793,000-9.06%
NPCE
NEUROPACE INC
$15.95-1.73%-3.45%2.18%50.47%82.49%12.01%289.98%N/AN/A$18.98$7.5615.94%110.92%0.95120,00033.33%
APYX
APYX MEDICAL CORP
$4.198.27%8.83%19.71%33.87%73.14%195.07%41.55%-56.26%91.32%$4.44$0.765.63%454.97%1.3082,000-57.73%
SGHT
SIGHT SCIENCES INC
$6.02-0.50%-3.53%-30.32%16.44%70.06%106.16%-53.12%N/AN/A$9.24$2.0334.82%196.55%1.78200,000-2.91%
BWAY
BRAINSWAY LTD
$25.613.64%15.73%34.51%50.56%113.42%144.60%1,180.50%207.44%N/A$25.64$7.840.12%226.66%0.83139,0002.96%
CNMD
CONMED CORP
$39.58-3.42%-4.90%-4.58%-16.43%-20.87%-44.39%-58.74%-65.57%2.59%$74.70$38.3247.01%3.29%1.09629,00079.20%
CTKB
CYTEK BIOSCIENCES INC
$5.18-0.38%-2.45%2.57%24.82%38.13%-9.60%-56.58%N/AN/A$6.18$2.3716.18%118.57%1.43417,000-45.98%
SIBN
SI-BONE INC
$17.03-0.64%0.59%-15.57%8.75%-3.24%6.57%-0.99%-40.56%N/A$21.89$12.5022.20%36.29%1.17524,000-2.24%
INSP
INSPIRE MEDICAL SYSTEMS INC
$81.790.57%-13.40%-12.68%4.59%-37.44%-55.63%-67.70%-56.69%N/A$203.12$70.8459.73%15.46%1.33982,000-9.41%
ATEC
ALPHATEC HOLDINGS INC
$15.26-2.68%-11.02%-27.26%-7.96%36.37%37.11%17.93%7.84%189.02%$23.29$8.8134.48%73.21%1.222,812,00021.26%
BRKR
BRUKER CORP
$47.67-1.59%-4.35%-1.59%23.37%8.51%-14.86%-33.47%-16.79%108.53%$59.40$28.5319.75%67.09%1.101,395,000-44.07%
INMD
INMODE LTD
$15.25-1.17%10.35%3.18%-2.56%4.88%-10.77%-57.02%-47.28%N/A$19.78$13.1422.90%16.06%1.67812,000-76.13%
QDEL
QUIDELORTHO CORP
$27.28-4.88%-16.65%-6.89%-7.46%4.56%-39.54%-68.39%-87.83%64.54%$45.80$19.5040.44%39.90%0.95884,00015.40%
MASS
908 DEVICES INC
$6.832.86%4.75%28.14%-18.01%-6.82%176.52%-27.80%-87.27%N/A$9.34$1.9226.87%255.73%1.73284,000-10.69%
PACB
PACIFIC BIOSCIENCES OF CALIFORNIA INC
$2.571.98%8.90%50.29%22.97%56.71%53.89%-78.18%-91.73%-76.76%$2.73$0.855.86%202.00%2.488,706,00037.25%
LNSR
LENSAR INC
$12.48-1.27%4.00%5.32%5.23%-4.81%16.64%340.99%94.09%N/A$17.31$8.9627.90%39.29%0.4955,30071.21%
ESTA
ESTABLISHMENT LABS HOLDINGS INC
$64.95-0.23%0.50%-10.93%27.84%52.90%94.93%-1.62%29.67%N/A$78.24$26.5616.99%144.59%1.64667,000-14.60%
LMRI
LUMEXA IMAGING HOLDINGS INC
$13.83-1.57%-6.43%-23.63%N/AN/AN/AN/AN/AN/A$19.45$13.7528.89%0.58%1.15452,00041.69%
ABT
ABBOTT LABORATORIES
$108.27-0.46%-10.62%-13.09%-14.87%-14.31%-16.35%-1.53%-5.27%167.53%$141.23$105.7823.34%2.35%0.5416,594,000-5.98%
OFIX
ORTHOFIX MEDICAL INC
$13.330.68%-2.27%-13.89%-17.10%16.93%-27.44%-37.18%-68.20%-65.16%$20.48$10.2434.91%30.18%0.99210,00016.02%
CBLL
CERIBELL INC
$21.89-0.82%2.05%2.34%69.82%46.32%-3.23%N/AN/AN/A$26.04$10.0115.94%118.68%1.54318,000-47.00%
PROF
PROFOUND MEDICAL CORP
$7.76-0.51%-1.52%5.72%41.09%36.14%11.82%-39.14%-70.74%N/A$8.95$3.7613.30%106.38%1.01109,00010.10%
BFLY
BUTTERFLY NETWORK INC
$4.440.23%7.51%16.84%101.82%128.87%22.99%54.70%-74.14%N/A$5.03$1.3211.73%236.36%2.282,280,000-24.68%
POAS
PHAOS TECHNOLOGY (CAYMAN) HOLDINGS LTD
$3.672.80%15.77%-2.39%N/AN/AN/AN/AN/AN/A$4.30$2.9014.65%26.55%1.47487,000-27.64%
HSDT
HELIUS MEDICAL TECHNOLOGIES INC
$3.040.00%0.00%9.75%-56.57%-64.69%-99.35%-99.98%-100.00%-100.00%$592.50$2.6299.49%16.03%1.29420,00059.70%
INGN
INOGEN INC
$5.89-2.00%-5.15%-12.22%-31.99%-13.25%-48.69%-74.22%-88.01%-83.41%$12.91$5.7054.38%3.33%1.20225,0000.00%
NVCR
NOVOCURE LTD
$13.05-1.58%0.27%-1.66%-3.90%12.11%-48.58%-85.64%-91.67%-7.38%$26.47$10.7050.69%21.96%1.45976,00038.05%
HYPR
HYPERFINE INC
$1.3110.08%9.17%34.91%4.80%19.09%32.59%50.57%-86.91%N/A$2.22$0.5340.99%145.78%1.231,456,000194.14%
PMI
PICARD MEDICAL INC
$1.83-1.08%-2.14%-2.14%-61.47%N/AN/AN/AN/AN/A$13.68$1.5886.62%15.82%-0.56101,00040.28%
SRTS
SENSUS HEALTHCARE INC
$5.04-0.98%1.61%34.04%54.60%-5.26%-25.77%-42.73%21.45%N/A$9.08$3.0344.48%66.34%0.9557,000-67.98%
TNDM
TANDEM DIABETES CARE INC
$20.15-0.25%-1.66%-9.76%34.87%19.66%-44.90%-49.84%-78.30%-77.10%$37.93$9.9846.88%101.90%1.351,032,00049.78%
KIDS
ORTHOPEDIATRICS CORP
$17.74-0.22%-3.85%0.62%4.60%-20.77%-30.76%-62.56%-64.91%N/A$26.40$15.2832.80%16.10%1.2271,600-13.73%
WOK
WORK MEDICAL TECHNOLOGY GROUP LTD
$1.78-4.81%-14.01%-47.80%-99.49%-99.98%-99.99%N/AN/AN/A$60.00k$1.77100.00%0.56%0.7598,000-33.33%
SI
SHOULDER INNOVATIONS INC
$14.270.00%1.49%-6.61%15.92%-5.18%N/AN/AN/AN/A$17.94$10.9220.46%30.68%1.0717,50029.63%
SSII
SS INNOVATIONS INTERNATIONAL INC
$4.62-9.41%-17.06%-17.35%-46.28%-35.83%N/AN/AN/AN/A$22.42$3.0279.39%53.23%0.19166,00055.14%
LUNG
PULMONX CORP
$1.75-2.23%-1.13%-21.52%12.18%-43.37%-72.18%-80.98%-96.88%N/A$9.37$1.3181.32%33.59%1.42234,0000.86%
PRCT
PROCEPT BIOROBOTICS CORP
$30.783.95%1.55%-4.26%-15.32%-43.09%-58.79%-17.99%N/AN/A$75.29$27.8059.12%10.72%1.281,711,00038.99%
CV
CAPSOVISION INC
$5.29-10.03%-15.22%-54.32%8.85%21.61%N/AN/AN/AN/A$15.37$3.4565.58%53.33%1.40727,0008.83%
ARAY
ACCURAY INC
$0.832.48%2.23%2.61%-46.71%-40.58%-62.79%-66.69%-84.08%-86.39%$2.95$0.7872.00%6.44%1.50722,0006.02%
MOVE
MOVANO INC
$20.525.02%189.83%157.47%192.72%178.24%-57.18%-90.69%N/AN/A$55.00$4.6762.69%339.40%1.123,882,00025.83%
ECOR
ELECTROCORE INC
$7.88-3.31%14.53%65.20%60.82%9.60%-52.21%43.98%-82.49%N/A$19.49$4.1659.57%89.42%0.8452,000-49.51%
QTRX
QUANTERIX CORP
$6.66-3.69%-5.13%4.72%17.25%2.62%-30.48%-53.36%-89.05%N/A$9.92$4.0532.86%64.44%1.931,404,00068.95%
OM
OUTSET MEDICAL INC
$5.6814.29%12.48%60.45%-60.50%-68.51%-55.23%-98.66%-99.25%N/A$21.98$3.1074.16%83.23%1.431,045,000308.20%
RBOT
VICARIOUS SURGICAL INC
$2.320.87%-9.73%23.40%-60.34%-76.18%-81.88%-97.25%-99.25%N/A$16.35$1.8185.81%28.18%1.4885,400-12.86%
TMCI
TREACE MEDICAL CONCEPTS INC
$2.541.60%-2.31%3.25%-62.92%-55.83%-73.81%-90.00%N/AN/A$10.79$2.3676.46%7.63%1.28535,00013.83%
TLSI
TRISALUS LIFE SCIENCES INC
$5.22-0.95%-0.76%-23.91%3.98%14.73%-1.51%-48.42%-50.66%N/A$7.95$3.4234.34%52.63%0.19101,000-26.28%
MXCT
MAXCYTE INC
$1.07-5.31%-11.57%-32.28%-30.52%-52.65%-76.33%-81.46%N/AN/A$4.90$1.0278.16%4.90%1.451,931,00063.09%
IVF
INVO FERTILITY INC
$1.7241.74%-27.64%131.44%-59.95%-89.94%-98.71%-99.95%-99.99%N/A$141.12$0.7198.78%141.55%0.7365,331,0003,643.90%
UFPT
UFP TECHNOLOGIES INC
$251.58-0.90%-4.07%6.64%25.78%2.81%-10.92%137.95%458.45%1,044.07%$289.57$178.2613.12%41.13%0.90144,00028.57%
SENS
SENSEONICS HOLDINGS INC
$7.353.67%3.52%29.63%-1.21%-31.96%-65.33%-66.89%-85.36%-88.86%$28.00$5.2573.75%40.00%1.92279,000-6.38%
CVRX
CVRX INC
$7.542.86%34.88%4.43%-27.15%-10.56%-54.50%-49.02%N/AN/A$17.78$4.3057.59%75.39%1.55376,000-43.63%
ICCM
ICECURE MEDICAL LTD
$0.63-3.08%-1.72%-2.93%-20.65%-38.83%-48.36%-52.99%N/AN/A$1.66$0.5862.05%8.62%0.76201,00041.55%
RPID
RAPID MICRO BIOSYSTEMS INC
$4.250.71%-3.41%46.55%44.07%2.41%197.20%187.16%N/AN/A$4.88$1.5712.91%170.70%1.20183,00028.87%
CLPT
CLEARPOINT NEURO INC
$14.391.34%3.53%5.42%-43.48%31.18%-15.35%45.21%-39.84%-7.76%$30.10$9.7652.19%47.44%1.83423,000-48.16%
LUCD
LUCID DIAGNOSTICS INC
$1.22-0.81%0.83%14.02%-3.17%11.93%37.54%-4.69%N/AN/A$1.80$0.8832.22%38.64%0.791,020,000-50.00%
NNOX
NANO-X IMAGING LTD
$3.206.31%7.02%15.11%-20.60%-37.74%-57.33%-65.37%-96.42%N/A$8.04$2.7660.20%15.94%1.86938,000-15.34%
VVOS
VIVOS THERAPEUTICS INC
$1.795.29%-9.14%-11.82%-34.19%-62.12%-57.58%-94.53%-98.98%N/A$7.95$1.6777.48%7.51%0.88104,000-7.14%
CATX
PERSPECTIVE THERAPEUTICS INC
$2.704.25%11.11%-1.10%-12.90%-34.47%-29.50%-9.79%-84.83%-61.43%$5.39$1.6049.89%68.75%1.20381,000-47.95%
STEX
STREAMEX CORP
$3.657.35%7.35%16.61%-25.20%-20.13%280.21%-50.68%-91.70%-87.63%$14.11$0.4074.13%812.50%1.182,930,00015.54%
BBNX
BETA BIONICS INC
$14.93-3.43%-18.99%-52.25%-37.14%6.72%-36.82%N/AN/AN/A$32.71$8.8954.36%67.94%1.751,094,00082.33%
ELUT
ELUTIA INC
$1.006.38%18.76%83.82%11.11%-49.24%-66.10%-77.58%-93.72%N/A$3.46$0.5071.10%100.00%0.27560,000280.95%
RXST
RXSIGHT INC
$9.22-3.46%-4.55%-14.23%6.47%17.15%-71.63%-35.30%N/AN/A$34.71$6.3273.44%45.89%1.26492,00019.71%
MYO
MYOMO INC
$0.941.84%-4.08%1.84%-12.15%-53.47%-83.39%91.84%-91.55%N/A$6.44$0.7185.40%32.21%1.35912,00058.33%
RCEL
AVITA MEDICAL INC
$4.570.88%21.22%32.85%20.58%-21.21%-50.97%-50.49%-83.00%N/A$11.25$3.2259.38%41.93%1.43150,000-11.24%
MDAI
SPECTRAL AI INC
$1.903.83%22.58%34.75%-10.38%-30.91%7.95%-81.19%N/AN/A$3.21$1.0440.81%82.69%0.43753,00010.25%
NXL
NEXALIN TECHNOLOGY INC
$0.59-1.50%-5.58%-3.58%-60.00%-47.61%-77.23%-47.05%N/AN/A$3.87$0.5484.70%9.63%1.4143,000-62.61%
NSYS
NORTECH SYSTEMS INC
$8.985.64%7.15%22.50%-9.70%4.53%-13.50%-34.22%23.85%128.47%$12.40$6.5027.59%38.14%0.3121,800707.41%

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Jan 2026?

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best medical equipment stocks to buy right now are:

1. Varex Imaging (NASDAQ:VREX)


Varex Imaging (NASDAQ:VREX) is the #1 top medical device stock out of 138 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Varex Imaging (NASDAQ:VREX) is: Value: B, Growth: A, Momentum: C, Sentiment: A, Safety: B, Financials: B, and AI: B.

Varex Imaging (NASDAQ:VREX) has a Due Diligence Score of 20, which is -6 points lower than the medical device industry average of 26. Although this number is below the industry average, our proven quant model rates VREX as a "A".

VREX passed 6 out of 33 due diligence checks and has weak fundamentals. Varex Imaging has seen its stock return 3.23% over the past year, overperforming other medical device stocks by 89 percentage points.

Varex Imaging has an average 1 year price target of $16.67, an upside of 18.37% from Varex Imaging's current stock price of $14.08.

Varex Imaging stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Varex Imaging, 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.

2. Tactile Systems Technology (NASDAQ:TCMD)


Tactile Systems Technology (NASDAQ:TCMD) is the #2 top medical device stock out of 138 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Tactile Systems Technology (NASDAQ:TCMD) is: Value: B, Growth: B, Momentum: B, Sentiment: A, Safety: C, Financials: A, and AI: C.

Tactile Systems Technology (NASDAQ:TCMD) has a Due Diligence Score of 50, which is 24 points higher than the medical device industry average of 26.

TCMD passed 16 out of 33 due diligence checks and has strong fundamentals. Tactile Systems Technology has seen its stock return 62.99% over the past year, overperforming other medical device stocks by 149 percentage points.

Tactile Systems Technology has an average 1 year price target of $27.00, a downside of -7.25% from Tactile Systems Technology's current stock price of $29.11.

Tactile Systems Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Tactile Systems Technology, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Bioventus (NASDAQ:BVS)


Bioventus (NASDAQ:BVS) is the #3 top medical device stock out of 138 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year. Learn more.

The Component Grade breakdown for Bioventus (NASDAQ:BVS) is: Value: A, Growth: B, Momentum: C, Sentiment: A, Safety: B, Financials: B, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 30, which is 4 points higher than the medical device industry average of 26.

BVS passed 10 out of 33 due diligence checks and has average fundamentals. Bioventus has seen its stock lose -21.27% over the past year, overperforming other medical device stocks by 65 percentage points.

What are the medical device stocks with highest dividends?

Out of 8 medical device stocks that have issued dividends in the past year, the 3 medical device stocks with the highest dividend yields are:

1. Smith & Nephew (NYSE:SNN)


Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.24%, which is 1 percentage points higher than the medical device industry average of 1.2%. Smith & Nephew's dividend payout is not stable, having dropped more than 10% ten times in the last 10 years. Smith & Nephew's dividend has not shown consistent growth over the last 10 years.

Smith & Nephew's dividend payout ratio of 66.7% indicates that its dividend yield is sustainable for the long-term.

2. Abbott Laboratories (NYSE:ABT)


Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 2.22%, which is 1 percentage points higher than the medical device industry average of 1.2%. Abbott Laboratories's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Abbott Laboratories's dividend has shown consistent growth over the last 10 years.

Abbott Laboratories's dividend payout ratio of 29.5% indicates that its dividend yield is sustainable for the long-term.

3. Conmed (NYSE:CNMD)


Conmed (NYSE:CNMD) has an annual dividend yield of 1.52%, which is the same as the medical device industry average of 1.2%. Conmed's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Conmed's dividend has not shown consistent growth over the last 10 years.

Conmed's dividend payout ratio of 38.8% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -0.76% in the last day, and down -1.76% over the last week.

We couldn't find a catalyst for why medical device stocks are down.

What are the most undervalued medical device stocks?

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued medical device stocks right now are:

1. Conmed (NYSE:CNMD)


Conmed (NYSE:CNMD) is the most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Conmed has a valuation score of 71, which is 58 points higher than the medical device industry average of 13. It passed 5 out of 7 valuation due diligence checks.

Conmed's stock has dropped -44.39% in the past year. It has overperformed other stocks in the medical device industry by 42 percentage points.

2. Inmode (NASDAQ:INMD)


Inmode (NASDAQ:INMD) is the second most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Inmode has a valuation score of 71, which is 58 points higher than the medical device industry average of 13. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has dropped -10.77% in the past year. It has overperformed other stocks in the medical device industry by 75 percentage points.

3. Bioventus (NASDAQ:BVS)


Bioventus (NASDAQ:BVS) is the third most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Bioventus has a valuation score of 29, which is 16 points higher than the medical device industry average of 13. It passed 2 out of 7 valuation due diligence checks.

Bioventus's stock has dropped -21.27% in the past year. It has overperformed other stocks in the medical device industry by 65 percentage points.

Are medical device stocks a good buy now?

52.63% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 36.45% over the next year.

11.22% of medical device stocks have a Zen Rating of A (Strong Buy), 19.39% of medical device stocks are rated B (Buy), 46.94% are rated C (Hold), 18.37% are rated D (Sell), and 4.08% are rated F (Strong Sell).

What is the average p/e ratio of the medical devices industry?

The average P/E ratio of the medical devices industry is 23.92x.
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.