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Sectors & IndustriesHealthcare
Best Healthcare Stocks to Buy Now (2023)
Top healthcare stocks in 2023 ranked by overall Zen Score. See the best healthcare stocks to buy now, according to analyst forecasts for the healthcare sector.

Sector: Healthcare
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
STAA
STAAR SURGICAL CO
NASDAQ
Medical Instruments & Supplies
$3.54B$73.49-5.75%$49.68M94.22x0.23
TECH
BIO-TECHNE CORP
NASDAQ
Biotechnology
$11.86B$75.57-4.54%$460.14M40.63x0.34
GMAB
GENMAB A
NASDAQ
Biotechnology
$25.63B$38.931.75%$1.07B34.03x0.15
XOMA
XOMA CORP
NASDAQ
Biotechnology
$233.60M$20.40-0.83%$18.98M22.92x0.12
VIR
VIR BIOTECHNOLOGY INC
NASDAQ
Biotechnology
$3.97B$29.80-1.13%$1.47B3.42x0.25
ITOS
ITEOS THERAPEUTICS INC
NASDAQ
Biotechnology
$725.03M$20.38-1.88%$350.77M2.75x0.23
PFE
PFIZER INC
NYSE
Drug Manufacturers - General
$245.64B$43.76-0.68%$38.03B8.24x1.11
SMLR
SEMLER SCIENTIFIC INC
NASDAQ
Medical Devices
$167.58M$24.50-36.03%$16.06M13.10x0.16
INCY
INCYTE CORP
NASDAQ
Biotechnology
$18.77B$84.360.90%$635.77M21.30x0.30
SWAV
SHOCKWAVE MEDICAL INC
NASDAQ
Medical Devices
$6.58B$182.04-2.82%$97.73M74.00x0.34
HRMY
HARMONY BIOSCIENCES HOLDINGS INC
NASDAQ
Biotechnology
$2.94B$49.550.43%$123.41M18.84x0.87
SRTS
SENSUS HEALTHCARE INC
NASDAQ
Medical Devices
$146.52M$8.82-0.11%$29.29M5.48x0.16
SIGA
SIGA TECHNOLOGIES INC
NASDAQ
Biotechnology
$519.93M$7.12-2.60%$139.65M4.91x0.18
KNSA
KINIKSA PHARMACEUTICALS LTD
NASDAQ
Biotechnology
$990.13M$14.240.99%-$26.41M6.91x0.20
HZNP
HORIZON THERAPEUTICS PUBLIC LTD CO
NASDAQ
Drug Manufacturers - General
$24.99B$110.250.52%$1.06B43.92x0.79
RDY
DR REDDYS LABORATORIES LTD
NYSE
Drug Manufacturers - Specialty & Generic
$8.81B$52.96-0.24%$575.00M29.23x0.54
AMN
AMN HEALTHCARE SERVICES INC
NYSE
Medical Care Facilities
$4.39B$101.28-2.49%$832.22M9.70x1.67
FLGT
FULGENT GENETICS INC
NASDAQ
Diagnostics & Research
$1.00B$34.00-6.10%$400.34M3.78x0.10
CPRX
CATALYST PHARMACEUTICALS INC
NASDAQ
Biotechnology
$1.65B$15.87-1.43%$85.44M24.42x0.23
PBYI
PUMA BIOTECHNOLOGY INC
NASDAQ
Biotechnology
$206.29M$4.521.35%$30.22M20.55x7.97
SYNH
SYNEOS HEALTH INC
NASDAQ
Diagnostics & Research
$3.87B$37.58-0.92%$711.83M13.47x1.44
INMD
INMODE LTD
NASDAQ
Medical Devices
$3.00B$36.46-2.09%$192.48M17.12x0.14
EXEL
EXELIXIS INC
NASDAQ
Biotechnology
$5.57B$17.27-1.60%$413.97M17.99x0.19
APVO
APTEVO THERAPEUTICS INC
NASDAQ
Biotechnology
$10.90M$2.140.00%$7.40M1.70x1.01
MOH
MOLINA HEALTHCARE INC
NYSE
Healthcare Plans
$17.46B$299.05-0.67%$1.40B20.61x3.21
LNTH
LANTHEUS HOLDINGS INC
NASDAQ
Diagnostics & Research
$4.13B$60.02-1.28%$216.34M38.72x0.72
MRK
MERCK & CO INC
NYSE
Drug Manufacturers - General
$263.76B$104.031.06%$20.62B17.25x1.41
LPCN
LIPOCINE INC
NASDAQ
Biotechnology
$47.71M$0.54-2.00%$4.16M13.48x0.05
ZYXI
ZYNEX INC
NASDAQ
Medical Devices
$485.02M$12.95-5.06%$28.51M26.87x0.77
NBIX
NEUROCRINE BIOSCIENCES INC
NASDAQ
Biotechnology
$10.10B$105.02-4.55%$109.00M172.16x0.39
UTHR
UNITED THERAPEUTICS CORP
NASDAQ
Biotechnology
$11.63B$255.240.97%$987.80M16.35x0.27
BMRN
BIOMARIN PHARMACEUTICAL INC
NASDAQ
Biotechnology
$20.85B$112.18-0.02%$220.15M249.29x0.37
QDEL
QUIDELORTHO CORP
NASDAQ
Diagnostics & Research
$5.89B$89.25-0.50%$1.29B4.71x0.81
HUMA
HUMACYTE INC
NASDAQ
Biotechnology
$322.76M$3.13-3.10%$48.48M1.06x0.91
BWAY
BRAINSWAY LTD
NASDAQ
Diagnostics & Research
$34.05M$2.03-3.01%-$9.07M-3.17x0.38
MRVI
MARAVAI LIFESCIENCES HOLDINGS INC
NASDAQ
Biotechnology
$3.70B$14.48-2.69%$362.93M7.96x2.79
RGEN
REPLIGEN CORP
NASDAQ
Medical Instruments & Supplies
$10.66B$192.02-0.46%$252.76M64.01x0.34
CNC
CENTENE CORP
NYSE
Healthcare Plans
$40.21B$71.010.00%$4.82B20.35x2.19
AVNS
AVANOS MEDICAL INC
NYSE
Medical Devices
$1.44B$31.04-1.74%$116.20M34.11x0.41
WST
WEST PHARMACEUTICAL SERVICES INC
NYSE
Medical Instruments & Supplies
$19.85B$268.17-1.73%$883.30M31.81x0.34
BMY
BRISTOL MYERS SQUIBB CO
NYSE
Drug Manufacturers - General
$158.46B$74.530.11%$18.03B24.12x2.00
BNTX
BIONTECH SE
NASDAQ
Biotechnology
$34.26B$140.96-0.77%$14.35B3.39x0.23
QIPT
QUIPT HOME MEDICAL CORP
NASDAQ
Medical Devices
$211.85M$5.950.00%$20.48M58.33x0.66
MMSI
MERIT MEDICAL SYSTEMS INC
NASDAQ
Medical Instruments & Supplies
$4.06B$71.32-2.74%$170.74M65.43x0.50
PAHC
PHIBRO ANIMAL HEALTH CORP
NASDAQ
Drug Manufacturers - Specialty & Generic
$647.65M$15.99-1.66%$113.50M13.90x2.61
EW
EDWARDS LIFESCIENCES CORP
NYSE
Medical Devices
$48.90B$79.09-3.69%$1.87B33.80x0.39
DVAX
DYNAVAX TECHNOLOGIES CORP
NASDAQ
Biotechnology
$1.48B$11.63-0.51%$340.58M4.47x1.00
AHCO
ADAPTHEALTH CORP
NASDAQ
Medical Devices
$2.71B$20.14-5.89%$577.20M30.98x1.43
MRNA
MODERNA INC
NASDAQ
Biotechnology
$65.41B$170.27-1.72%$13.68B5.80x0.45
HSIC
HENRY SCHEIN INC
NASDAQ
Medical Distribution
$11.69B$86.23-0.61%$1.09B10.66x1.03
VMD
VIEMED HEALTHCARE INC
NASDAQ
Medical Devices
$311.39M$8.19-1.09%$25.07M43.11x0.27
JNJ
JOHNSON & JOHNSON
NYSE
Drug Manufacturers - General
$427.10B$163.36-0.76%$29.56B22.38x1.35
OGI
ORGANIGRAM HOLDINGS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$279.33M$0.89-1.33%$13.19M-46.84x0.11
TBPH
THERAVANCE BIOPHARMA INC
NASDAQ
Biotechnology
$715.43M$10.62-0.28%$1.08B0.94x0.59
DXCM
DEXCOM INC
NASDAQ
Diagnostics & Research
$41.23B$106.73-1.57%$432.20M180.90x1.69
ALC
ALCON INC
NYSE
Medical Instruments & Supplies
$37.00B$75.25-1.31%$1.87B64.87x0.42
ICPT
INTERCEPT PHARMACEUTICALS INC
NASDAQ
Biotechnology
$855.68M$20.668.62%$244.04M3.57x4.20
CBIO
CATALYST BIOSCIENCES INC
NASDAQ
Biotechnology
$8.97M$0.29-2.06%$12.22M0.75x0.06
PODD
INSULET CORP
NASDAQ
Medical Devices
$20.29B$292.17-1.02%$121.90M1,168.68x4.06
VREX
VAREX IMAGING CORP
NASDAQ
Medical Devices
$780.35M$19.460.31%$119.80M24.02x1.28
ACRX
ACELRX PHARMACEUTICALS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$15.05M$2.02-2.88%$50.48M0.32x0.76
XRTX
XORTX THERAPEUTICS INC
NASDAQ
Biotechnology
$8.05M$0.624.55%$1.84M1.63x0.40
UNH
UNITEDHEALTH GROUP INC
NYSE
Healthcare Plans
$444.04B$475.240.68%$29.78B22.95x2.15
CODX
CO-DIAGNOSTICS INC
NASDAQ
Diagnostics & Research
$87.50M$2.83-4.07%$17.55M5.78x0.10
ALGN
ALIGN TECHNOLOGY INC
NASDAQ
Medical Devices
$26.75B$342.46-0.19%$855.63M52.69x0.60
SELB
SELECTA BIOSCIENCES INC
NASDAQ
Biotechnology
$280.05M$1.83-0.54%$47.14M5.08x1.10
IRWD
IRONWOOD PHARMACEUTICALS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$1.76B$11.490.79%$241.87M10.74x0.76
ABT
ABBOTT LABORATORIES
NYSE
Medical Devices
$193.10B$110.75-0.93%$13.19B24.78x1.03
CSBR
CHAMPIONS ONCOLOGY INC
NASDAQ
Biotechnology
$57.62M$4.250.24%$2.20M425.00x2.97
ACET
ADICET BIO INC
NASDAQ
Biotechnology
$367.24M$8.57-2.17%-$51.74M-5.99x0.12
ABC
AMERISOURCEBERGEN CORP
NYSE
Medical Distribution
$31.25B$154.49-1.43%$2.81B18.50x-324.67
EFTR
EFFECTOR THERAPEUTICS INC
NASDAQ
Biotechnology
$27.48M$0.66-1.06%$7.72M0.54x2.17
BRKR
BRUKER CORP
NASDAQ
Medical Devices
$10.52B$71.50-1.41%$498.70M38.86x2.55
ABCM
ABCAM PLC
NASDAQ
Biotechnology
$3.35B$14.63-1.48%$39.77M85.06x0.46
KIDS
ORTHOPEDIATRICS CORP
NASDAQ
Medical Devices
$1.09B$47.82-1.65%$19.31M119.55x0.12
PDCO
PATTERSON COMPANIES INC
NASDAQ
Medical Distribution
$2.89B$29.73-1.88%$365.85M14.50x1.77
MASI
MASIMO CORP
NASDAQ
Medical Instruments & Supplies
$8.89B$169.07-0.22%$280.21M54.02x1.44
VTRS
VIATRIS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$14.61B$12.05-1.07%$4.64B18.26x1.54
DCGO
DOCGO INC
NASDAQ
Medical Care Facilities
$1.02B$9.89-1.88%$60.02M-6.82x0.32
SNY
SANOFI
NASDAQ
Drug Manufacturers - General
$115.89B$45.86-0.35%$11.96B17.10x0.71
AADI
AADI BIOSCIENCE INC
NASDAQ
Biotechnology
$306.40M$12.560.24%-$61.86M2.64x0.15
GRNA
GREENLIGHT BIOSCIENCES HOLDINGS PBC
NASDAQ
Biotechnology
$166.71M$1.10-0.90%-$149.47M0.04x0.79
GSK
GSK PLC
NYSE
Drug Manufacturers - General
$71.14B$35.341.46%$23.26B3.85x4.72
CDMO
AVID BIOSERVICES INC
NASDAQ
Biotechnology
$1.07B$17.115.68%$10.21M8.87x1.44
DMTK
DERMTECH INC
NASDAQ
Diagnostics & Research
$157.72M$5.22-6.28%-$110.81M-1.36x0.25
SHC
SOTERA HEALTH CO
NASDAQ
Diagnostics & Research
$5.02B$17.80-1.93%$404.85M41.40x3.63
TMO
THERMO FISHER SCIENTIFIC INC
NYSE
Diagnostics & Research
$225.97B$576.17-1.97%$11.60B32.12x1.08
AVIR
ATEA PHARMACEUTICALS INC
NASDAQ
Biotechnology
$378.96M$4.550.89%$36.20M10.83x0.04
ECOR
ELECTROCORE INC
NASDAQ
Medical Instruments & Supplies
$26.26M$0.37-0.54%-$21.19M-1.19x0.33
RVP
RETRACTABLE TECHNOLOGIES INC
NYSEMKT
Medical Instruments & Supplies
$66.20M$2.012.55%$40.21M2.23x0.84
NVCN
NEOVASC INC
NASDAQ
Medical Devices
$77.59M$28.251.00%-$31.51M-2.30x0.59
ZTEK
ZENTEK LTD
NASDAQ
Medical Instruments & Supplies
$149.30M$1.506.38%-$30.00M4.37x0.10
EDAP
EDAP TMS SA
NASDAQ
Medical Devices
$360.45M$10.77-1.01%$4.61M118.35x0.41
CMRX
CHIMERIX INC
NASDAQ
Biotechnology
$161.12M$1.830.55%$153.89M1.05x0.07
SNN
SMITH & NEPHEW PLC
NYSE
Medical Devices
$12.53B$28.32-1.94%$1.23B25.02x0.87
IRMD
IRADIMED CORP
NASDAQ
Medical Devices
$501.65M$39.92-3.25%$16.34M38.38x0.14
PRPH
PROPHASE LABS INC
NASDAQ
Drug Manufacturers - Specialty & Generic
$128.43M$7.89-4.83%$43.95M3.85x0.44
ADUS
ADDUS HOMECARE CORP
NASDAQ
Medical Care Facilities
$1.69B$104.95-4.12%$82.18M37.35x0.54
AMGN
AMGEN INC
NASDAQ
Drug Manufacturers - General
$130.11B$243.85-0.54%$12.41B19.48x16.44
PHG
KONINKLIJKE PHILIPS NV
NYSE
Diagnostics & Research
$15.03B$17.27-2.48%$5.37B4.14x1.14

Healthcare Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
746-0.64%+1.58%+4.67%-15.57%11.50x5.06x-8.23%+0.66%+9.92%+69.42%Buy
92-1.71%+2.27%+7.74%-12.24%37.26x4.46x+92.75%+6.84%+11.93%+13.59%Buy
17+0.24%-0.52%-5.84%+12.65%30.80x5.14x+45.49%+10.16%+16.25%+10.22%Buy
95-0.03%+2.93%+9.63%-31.83%18.21x1.90x+11.90%+4.86%+9.88%+52.05%Buy
13+0.28%-2.27%-2.08%+4.82%22.65x3.20x+19.43%+6.31%+14.27%+22.28%Buy
56-2.19%+0.79%+2.89%-1.58%12.21x4.80x-71.31%+5.45%+11.48%+19.25%Buy
147-2.34%+4.03%+6.86%-17.25%59.33x3.67x+7.80%+4.63%+7.43%+22.00%Strong Buy
7-1.26%-4.00%-4.65%+18.86%10.74x48.55x+412.35%+3.45%+19.05%+13.09%Buy
58-1.10%+2.45%+7.90%-11.27%-97.68x3.67x+5.68%+4.80%+7.00%+15.33%Strong Buy

Healthcare Stocks FAQ

What are the best healthcare stocks to buy right now in Feb 2023?

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

1. Staar Surgical Co (NASDAQ:STAA)


Staar Surgical Co (NASDAQ:STAA) is the top healthcare stock with a Zen Score of 69, which is 40 points higher than the healthcare sector average of 29. It passed 23 out of 33 due diligence checks and has strong fundamentals. Staar Surgical Co has seen its stock lose -0.47% over the past year, overperforming other healthcare stocks by 11 percentage points.

Staar Surgical Co has an average 1 year price target of $84.67, an upside of 15.21% from Staar Surgical Co's current stock price of $73.49.

Staar Surgical Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Staar Surgical Co, 80% have issued a Strong Buy rating, 10% have issued a Buy, 10% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Xoma (NASDAQ:XOMA)


Xoma (NASDAQ:XOMA) is the second best healthcare stock with a Zen Score of 68, which is 39 points higher than the healthcare sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Xoma has seen its stock return 1.64% over the past year, overperforming other healthcare stocks by 13 percentage points.

Xoma has an average 1 year price target of $62.50, an upside of 206.37% from Xoma's current stock price of $20.40.

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

3. Genmab A (NASDAQ:GMAB)


Genmab A (NASDAQ:GMAB) is the third best healthcare stock with a Zen Score of 68, which is 39 points higher than the healthcare sector average of 29. It passed 23 out of 33 due diligence checks and has strong fundamentals. Genmab A has seen its stock return 10.85% over the past year, overperforming other healthcare stocks by 22 percentage points.

Genmab A has an average 1 year price target of $38.35, a downside of -1.5% from Genmab A's current stock price of $38.93.

Genmab A stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Genmab A, 0% have issued a Strong Buy rating, 16.67% have issued a Buy, 66.67% have issued a Hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.

What are the healthcare stocks with highest dividends?

Out of 75 healthcare stocks that have issued dividends in the past year, the 3 healthcare stocks with the highest dividend yields are:

1. Zynex (NASDAQ:ZYXI)


Zynex (NASDAQ:ZYXI) has an annual dividend yield of N/A, which is N/A percentage points lower than the healthcare sector average of 4.9%. Zynex's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Zynex's dividend has not shown consistent growth over the last 10 years.

Zynex's dividend payout ratio of 20.7% indicates that its dividend yield is sustainable for the long-term.

2. Kineta (NASDAQ:KA)


Kineta (NASDAQ:KA) has an annual dividend yield of 123.58%, which is 119 percentage points higher than the healthcare sector average of 4.9%.

Kineta's dividend payout ratio of 0% indicates that its high dividend yield might not be sustainable for the long-term.

3. Catalyst Biosciences (NASDAQ:CBIO)


Catalyst Biosciences (NASDAQ:CBIO) has an annual dividend yield of 84.21%, which is 79 percentage points higher than the healthcare sector average of 4.9%. Catalyst Biosciences's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Catalyst Biosciences's dividend has not shown consistent growth over the last 10 years.

Catalyst Biosciences's dividend payout ratio of 752.6% indicates that its high dividend yield might not be sustainable for the long-term.

Why are healthcare stocks down?

Healthcare stocks were down -1.12% in the last day, and up 1.59% over the last week. Reshape Lifesciences was the among the top losers in the healthcare sector, dropping -59.21% yesterday.

ReShape Lifesciences shares are trading lower after the company priced its $10.2M offering at $8/unit consisting of stock and warrants.

What are the most undervalued healthcare stocks?

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

1. Aptevo Therapeutics (NASDAQ:APVO)


Aptevo Therapeutics (NASDAQ:APVO) is the most undervalued healthcare stock based on WallStreetZen's Valuation Score. Aptevo Therapeutics has a valuation score of 100, which is 71 points higher than the healthcare sector average of 29. It passed 7 out of 7 valuation due diligence checks.

Aptevo Therapeutics's stock has dropped -64.27% in the past year. It has underperformed other stocks in the healthcare sector by -53 percentage points.

2. Iteos Therapeutics (NASDAQ:ITOS)


Iteos Therapeutics (NASDAQ:ITOS) is the second most undervalued healthcare stock based on WallStreetZen's Valuation Score. Iteos Therapeutics has a valuation score of 100, which is 71 points higher than the healthcare sector average of 29. It passed 7 out of 7 valuation due diligence checks.

Iteos Therapeutics's stock has dropped -43.86% in the past year. It has underperformed other stocks in the healthcare sector by -33 percentage points.

3. Semler Scientific (NASDAQ:SMLR)


Semler Scientific (NASDAQ:SMLR) is the third most undervalued healthcare stock based on WallStreetZen's Valuation Score. Semler Scientific has a valuation score of 100, which is 71 points higher than the healthcare sector average of 29. It passed 7 out of 7 valuation due diligence checks.

Semler Scientific's stock has dropped -68.83% in the past year. It has underperformed other stocks in the healthcare sector by -58 percentage points.

Are healthcare stocks a good buy now?

49.82% of healthcare stocks rated by analysts are a strong buy right now. On average, analysts expect healthcare stocks to rise by 34.38% 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 21.31x.
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.